Business & Markets
Shein Hong Kong IPO seeks $1.7bn in September debut
Shein will make its debut on the Hong Kong stock exchange on September 1 in an initial public offering that could raise up to HK$13.86 billion, or US$1.7 billion, and value the fast-fashion retailer at about US$26.8 billion.
The company said Monday it plans to offer 280 million shares at HK$47.60 to HK$49.50 each. It said the final price will be announced on August 31.
Shein was founded in China and is now headquartered in Singapore. It won Beijing's approval last month for the Hong Kong IPO. The company said money raised from the listing would help fund its technology capabilities and international expansion.
Shein reported a full-year net profit of US$2.06 billion in 2025, but posted a US$99 million quarterly loss after the United States scrapped an import duty exemption on small packages.
The company relies on factories mostly located in China and has grown through fast product design and an efficient production and supply chain. By the end of last year, its European customer base had risen to 156 million average monthly users.
Shein has faced scrutiny over its environmental footprint and allegations of human rights violations. Executive chairman Donald Tang told AFP last year that the company has “zero tolerance” on forced labour. French authorities imposed two fines on Shein in June totalling more than 22 million euros, or $25.1 million, citing problems with product traceability, environmental labelling and delivery times. The company has paid more than 210 million euros in various French fines over the years, and Italy has imposed fines alleging misleading environmental claims.
Update
Shein said the final offer price will be announced on August 31.
Shein said it aims to use the funds to finance technology capabilities and expand its international presence.
Shein reported a full-year net profit of US$2.06 billion in 2025 and a US$99 million quarterly loss after the United States scrapped an import duty exemption on small packages.
Shein's European customer base rose to 156 million average monthly users by the end of last year.
French authorities imposed two fines on Shein in June totalling more than 22 million euros, and Shein has paid more than 210 million euros in various French fines over the years.
Source note: AFP news report published on 24 August 2026 at 01:33:08 UTC.
Update
Shein said it will debut on the Hong Kong stock exchange on September 1.
Shein won Beijing's approval last month for the Hong Kong IPO.
The company was founded in China and is now headquartered in Singapore.
Most of Shein's factories are located in China.
Shein has faced scrutiny over its environmental footprint and allegations of human rights violations; its executive chairman told AFP last year the company has zero tolerance for forced labour.
Source note: AFP news report published on 24 August 2026 at 00:49:14 UTC.
Update
Shein said it will make its Hong Kong stock exchange debut on September 1.
The company plans to offer 280 million shares at HK$47.60 to HK$49.50 each.
The listing could raise up to HK$13.86 billion, or US$1.7 billion.
Source note: AFP news report published on 24 August 2026 at 00:37:43 UTC.
Update
Shein is aiming for a market value of around $27 billion, according to a stock exchange filing.
Source note: AFP news report published on 24 August 2026 at 00:18:11 UTC.
Uncertainty notes
The final IPO price has not yet been announced.
The source attributes earlier delays to New York and London listing plans to media reports without naming the outlets.
Source
AFP news report published on .