Shein targets Hong Kong market debut on September 1, sources say - The Standard (HK)

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 INTERNATIONAL CHINA Shein targets Hong Kong market debut on September 1, sources say CHINA 14 hours ago Packs of clothing are displayed at a garment factory for Shein in Panyu District, Guangzhou, Guangdong province, China, July 27, 2026. REUTERS/Go Nakamura/File Photo Shein aims to launch its Hong Kong initial public offering on Monday, according to a source familiar with the matter, and is targeting a listing on September 1, two other sources said, slightly later than previously planned. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT While September 1 is the target date, the listing could happen a few days later, one of the sources said. Reuters reported last week that Shein had been aiming to list on August 28. The delay, first reported by the South China Morning Post, comes as slower growth and rising costs have dampened investor appetite for Shein. The online fast-fashion retailer was seen just a few years ago as a disruptive challenger to established retailers such as H&M and Zara, thanks to its rapid supply chain and ultra-low prices. Among cornerstone investors in the IPO is the asset management arm of UBS Group, which would be investing in Shein for the first time, according to a fourth source with direct knowledge of the matter. A spokesperson for the Swiss bank declined to comment. A number of Shein's existing shareholders are also in talks to join as cornerstone investors but the list has not been finalised, said the fourth source and another person with knowledge of the process. Cornerstone investors agree to buy a set amount of shares before an IPO, and sign up to a lockup period of six months. Shein is targeting a valuation of $26 billion to $27 billion, the fourth source said, down sharply from the $100 billion valuation it achieved in a private fundraising in 2022. The company had previously sought an IPO valuation of $30 billion to $40 billion when investor meetings ahead of the IPO first kicked off. Shein did not respond to a request for comment. The Singapore-headquartered company may ‌offer payouts to early investors as well as more shares with lower conversion price for their holdings to lower their costs of investment, its public filings showed. Reuters Shein Hong Kong market debut 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓ Top News Read More Shein delays IPO to September 1, sources say FINANCE 20-08-2026 20:38 HKT Precilasers Shanghai debut smashes records with 480,000 yuan profit per allocation FINANCE 18-08-2026 15:59 HKT Shein eyes company valuation of around US$25 billion in Hong Kong IPO, sources say FINANCE 17-08-2026 15:07 HKT Shein eyes Hong Kong market debut on August 28, source says FINANCE 13-08-2026 15:00 HKT Shein's slowing growth tests investor appetite ahead of Hong Kong IPO FINANCE 12-08-2026 22:50 HKT Shein plans to launch Hong Kong IPO as soon as next Wednesday, sources say FINANCE 11-08-2026 15:36 HKT Shein IPO pitched to investors at below US$30 billion valuation, FT reports FINANCE 10-08-2026 22:45 HKT Shein seeks US$30-US$40 billion valuation for August Hong Kong IPO, sources say FINANCE 04-08-2026 14:27 HKT Shein weighs cost reset for late-stage investors ahead of Hong Kong IPO, Bloomberg News reports FINANCE 03-08-2026 15:01 HKT CSOP KOSPI 200 Covered Call Active ETF closes 15pc higher on HK debut FINANCE 31-07-2026 16:55 HKT Woman killed in dog attack at Ta Kwu Ling pet hotel she operated NEWS 21-08-2026 01:05 HKT Father abandons 7-year-old son on Mount Fuji after child cries from exhaustion WORLD 23 hours ago Animal lover Jojo remembered for a life dedicated to saving stray dogs NEWS 13 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.