Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say

By Reuters Published August 25, 2026 Download Print Text size aA+ aA- Shein's up to $1.8 billion Hong Kong IPO order book covered, sources say By Reuters Published August 25, 2026 Online fast-fashion retailer Shein 's Hong Kong IPO book to raise up ⁠to $1.8 billion has been fully covered by investor demand, two sources said, bringing it closer to its long-awaited market debut amid ⁠growing business and ‌regulatory challenges. Shein shopping bags - REUTERS/Sarah Meyssonnier/File Photo Shein launched ⁠its new share sale on Monday, valuing the company at up to $27 billion. Investor orders ​for ​the offering have come from a number of existing shareholders, China-focused and multi-strategy funds, said the sources with knowledge of ‌the ​matter. They declined to be named as they were ‌not authorised to ⁠speak to the media. A spokesperson for Shein ‌did not immediately respond to a Reuters request for comment. The Singapore-based, China-founded company is selling 280 million shares at HK$47.60 to HK$49.50 a share in the ​IPO, according to the company's filings, which would raise $1.8 billion at the top end. The final price of the ​shares ‌is ​due to be unveiled on Monday and ‌the ‌stock is scheduled to begin trading on Hong Kong's stock exchange on September 1, according to the ⁠company filings. Shein's valuation in the IPO is nearly 70% below the nearly $100 billion private ‌market valuation that it reached ​in 2022. © Thomson Reuters 2026 All rights reserved. Tags : Fashion Business