GUANGZHOU, CHINA – JULY 14: A woman looks at her smartphone while walking in front of the SHEIN signboard outside her office on July 14, 2026 in Guangzhou, Guangdong Province, China.
Chen Xin | Getty Images News | Getty Images
Shein plans to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in an initial public offering, according to Monday’s filing.
The fast fashion retailer has sold about 280 million Class B shares, priced between HK$47.60 and HK$49.50 per share, worth nearly US$27 billion at the high end of that price range.
The final price will be announced by the company on August 31st, and trading in the shares is expected to begin on September 1st.
According to Reuters, the company was valued at $64 billion in 2023 and April 2024, a significant drop from the $98.2 billion valuation it was valued at in 2022 in an earlier private funding round.
Sean Lane, managing director of China Market Research Group, told CNBC last month that investors and consumers are no longer as excited about ultra-fast fashion retailers as they once were.
