Shein's up to US$1.8 billion Hong Kong IPO order book covered, 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 up to US$1.8 billion Hong Kong IPO order book covered, sources say FINANCE 12 hours ago A customer holds shopping bags with a Shein logo in the first physical space of online fast-fashion retailer Shein on the day of its opening inside the Le BHV Marais department store, the Bazar de l'Hotel de Ville, in Paris, France, November 5, 2025. REUTERS Online fast-fashion retailer Shein's Hong Kong IPO book to raise up to US$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. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT Shein launched its new share sale on Monday, valuing the company at up to US$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 US$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 percent below the nearly US$100 billion private market valuation that it reached in 2022. Reuters Shein Hong Kong IPO shares 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓ Top News Read More China's July net gold imports via Hong Kong rose 11pc m-o-m FINANCE 7 hours ago Alibaba chair buys another 720,000 company HK shares FINANCE 10 hours ago Hang Seng Index flat on Tuesday, Meituan down 6.7 percent FINANCE 10 hours ago Hong Kong's exports surge 50 percent last month on robust AI demand FINANCE 10 hours ago Trump bought shares in Elon Musk's SpaceX in June, financial disclosure shows FINANCE 12 hours ago Hang Seng Index slides at noon on Tuesday FINANCE 15 hours ago AI chipmaker Enflame sets subscription date for 6 billion yuan Shanghai IPO FINANCE 16 hours ago China robot maker Unitree's post-listing slump sparks bubble fears INNOVATION 16 hours ago Hang Seng Index slides in early trading on Tuesday, Meituan down 4pc FINANCE 17 hours ago Hong Kong serves as the premier springboard for mainland startups and unicorns: John Lee FINANCE 24-08-2026 17:26 HKT Electric car drives through pedestrian-only street in Causeway Bay, sparks online debate NEWS 21 hours ago Over 50 evacuated as fire in Causeway Bay disrupts traffic and trams NEWS 14 hours ago Taxi stuck sideways in narrow Central alley SOCIAL BUZZ 24-08-2026 15:55 HKT 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.