Shein's Hong Kong IPO pricing values company at US$26.5 billion, sources say

City Voices Trending Hong Kong Business International Racing Lifestyle Showbiz Sport Opinion Games ePaper City Voices Trending Hong Kong Business International Racing Lifestyle Showbiz Sport Opinion Games BUSINESS FINANCE Shein's Hong Kong IPO pricing values company at US$26.5 billion, sources say FINANCE 12 hours ago Packs of clothing are displayed at a garment factory for Shein in Guangzhou, China, July 27, 2026. REUTERS/Go Nakamura Online fast-fashion retailer Shein is set to price its Hong Kong initial public offering near the midpoint of its marketed range, raising US$1.7 billion and valuing the company at about US$26.5 billion, two people with knowledge of the matter said. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT The company is set to price the deal at HK$48.56 a share, near the midpoint of its HK$47.60 to HK$49.50 range, the people said, raising about HK$13.6 billion. The valuation would be about one-quarter of the nearly US$100 billion private market peak Shein reached in 2022, and well below the US$66 billion valuation it secured in a 2023 fundraising round. Shein, which is headquartered in Singapore and was founded in China, launched its Hong Kong IPO on Monday. The sources spoke on condition of anonymity as the information is not publicly available. Shein did not respond to a request for comment. The IPO follows attempts over the past four years to list in New York and London. Shein, known for selling US$5 dresses and US$10 jeans in about 160 countries, has faced regulatory challenges and business pressure in its key US and European markets. Reuters Shein China Hong Kong IPO fashion 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓ Top News Read More Chinese rescuers search for missing after Nepal-Tibet floods CHINA 2 hours ago China launches year-long auto quality drive, mandates defect recalls FINANCE 4 hours ago Hang Seng Index closes lower on Thursday, China stocks up FINANCE 7 hours ago Chinese optical part maker Zhongji Innolight raises extra $7.94b via greenshoe option FINANCE 8 hours ago China's drug regulator accepts Novo Nordisk's application for oral Wegovy FINANCE 10 hours ago Hang Seng Index dips by noon on Thursday FINANCE 12 hours ago Baidu to be primary listed in Hong Kong next month FINANCE 12 hours ago Kazakhstan's KazMunayGas raises 3.5 billion yuan in dim sum bond sale FINANCE 12 hours ago Prudential posts 8 percent rise in first-half new business profit, expands share buyback FINANCE 13 hours ago Hong Kong home prices fall in first time since April 2025 in July, rents hit record PROPERTY 13 hours ago (Video) Girl slapped at Kwun Tong’s apm mall, two women arrested NEWS 26-08-2026 19:39 HKT Insurance giant AIA suspends employee and shuts comments after viral shopping mall brawl NEWS 5 hours ago Kwun Tong mall playground squabbles land three women in custody NEWS 10 hours ago Contact Us About Us Terms of Use Privacy Policy Statement Copyright Policy & License Ethics Statement | Subscriptions Print Advertising Digital Advertising Street Points Copyright © 2026 The Standard - A division of Sing Tao News Corporation Limited. All rights reserved.