Shein weighs cost reset for late-stage investors ahead of Hong Kong IPO, Bloomberg News reports

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 weighs cost reset for late-stage investors ahead of Hong Kong IPO, Bloomberg News reports FINANCE 10 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 Shein is considering lowering the cost of investment for some late-stage investors as the fast-fashion retailer pursues a Hong Kong IPO at a lower valuation, Bloomberg News reported on Monday, citing people familiar with the matter. ADVERTISEMENT SCROLL TO CONTINUE WITH CONTENT The company may offer a mix of cash payouts and additional Class B shares to investors in its pre-Series D, Series D and Series D+ funding rounds, the report said. The adjustment aims to reduce the cost base for those investors to reflect a valuation of around US$40 billion, aligning with Shein's anticipated IPO valuation, Bloomberg News reported. Deliberations are ongoing, and no final decisions have been made and the amount of cash and shares provided will depend on the valuation Shein secures during the IPO, the report said. Shein did not immediately respond to a Reuters request for comment. Reuters could not immediately verify the report. On July 26, the company reported a US$99 million net loss in the first three months of the year, compared with a US$395 million net profit in the same period of 2025, casting doubt on whether the valuation Shein is seeking is justified. Reuters Shein investors Hong Kong IPO shares 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓ Top News Read More Chinese copper foil giant Londian Wason eyes US$1.7 billion valuation in US IPO FINANCE 2 hours ago Former DSE candidate who scored 8 marks secures PolyU offer, inspiring others SOCIAL BUZZ 6 hours ago UBS lifts Hong Kong full-year GDP growth forecast to 4.5pc FINANCE 7 hours ago Frugality fails to build wealth? Saver avoids dining out for 7 years to save $1.15m, but inflation bites SOCIAL BUZZ 8 hours ago Hang Seng Index regains the 26,000-point mark on Monday FINANCE 8 hours ago Moonshot AI denies plans to file Hong Kong IPO in August FINANCE 9 hours ago Hang Seng Index muted at noon on Monday FINANCE 13 hours ago China, Hong Kong securities watchdogs unveil sweeping measures to deepen capital market ties FINANCE 13 hours ago HK is actively promoting yuan internationalization, John Lee says FINANCE 13 hours ago Hang Seng Index rises in early trading on Monday FINANCE 15 hours ago HK-named Typhoon Dolphin surges to new strength, neighboring system likely in its grasp NEWS 02-08-2026 15:14 HKT Four former CHANEL staff jailed for 4 to 7 years for stealing over 700 luxury items set for destruction NEWS 10 hours ago Drivers trapped in Cityplaza car park for over two hours amid chaos, charged for extra time NEWS 20 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.