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Shein plans to debut on the Hong Kong stock exchange with a market valuation of nearly $27 billion.

The fast-fashion giant Shein will make its initial public offering on the Hong Kong stock exchange on September 1. The company, which was founded in China and headquartered in Singapore, plans to offer nearly 280 million shares for between HK$47.60 and HK$49.50 each. This move follows failed attempts to list in the United States and London due to regulatory scrutiny and geopolitical tensions. While Shein was valued at $100 billion in 2022, its current valuation of $26.8 billion reflects a slower sales growth and higher costs. The administration announced the abolition of the de minimis tariff exemption in 2025, which significantly impacted Shein's low-price business model. This change resulted in a $99 million quarterly loss in the first three months of the year, a sharp decline from a $395 million net income a year prior. Experts note that the end of the exemption narrows the price gap between Shein and traditional retailers, while the company continues to face scrutiny over its environmental impact and supply chain practices.

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