Shein targets US$2 billion Hong Kong IPO this week at US$26-27 billion valuation ...

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 targets US$2 billion Hong Kong IPO this week at US$26-27 billion valuation, Bloomberg reports FINANCE 7 hours ago Photo: Reuters Chinese fast-fashion brand Shein is seeking to raise approximately US$2 billion (HK$15.6 billion) in its expected Hong Kong initial public offering this week, with existing shareholders potentially subscribing to about half of the shares, Bloomberg reported, citing people familiar with the matter. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT Shein currently aims to list in Hong Kong at a valuation of US$26 billion to US$27 billion, with trading expected to begin around the end of the month, the people said. Details are still being discussed, and the size, valuation and timeline remain subject to change. Shein, which was founded in China but is now headquartered in Singapore, had previously attempted to list in New York and London, but both attempts were unsuccessful. Its valuation reached US$100 billion at its peak in 2022, but by its Series D+ funding round in 2023, it had shrunk to about US$64 billion, weighed down by tariffs and competitive pressure from Pinduoduo's Temu, which eventually slowed down its growth. SHEIN Hong Kong IPO 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓ Top News Read More HSI closes higher after early sell-offs, Xiaomi and Baidu tick up modestly ahead of interim reports FINANCE 2 hours ago Unitree swings to profit of 274m yuan in H1 FINANCE 3 hours ago Precilasers Shanghai debut smashes records with 480,000 yuan profit per allocation FINANCE 3 hours ago Hong Kong's hedge fund tax relief prompts financial sector maneuvers, Bloomberg reports FINANCE 3 hours ago Hong Kong stocks edge lower by midday, with insurance companies dragging FINANCE 7 hours ago Hong Kong stocks open muted, HSI dropped 84 points FINANCE 9 hours ago HashKey Exchange partners with OneInfinity to expand HK stablecoin market FINANCE 21 hours ago Trump crypto firm backs venture offering AI from restricted Chinese companies FINANCE 21 hours ago Chinese humanoid robot maker Unitree to list in Shanghai on August 19 FINANCE 22 hours ago China's memory chip giant CXMT hit fresh record, up 6 times from IPO FINANCE 23 hours ago HK tourist breaks down over language barrier in Taiwan, police step in to help SOCIAL BUZZ 20 hours ago Two small dogs mauled to death by large dog in Yuen Long NEWS 22 hours ago $30,000 monthly pay fails to attract local claypot rice cooks SOCIAL BUZZ 17-08-2026 17:47 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.