E-Commerce: Shein is apparently aiming for a stock market listing with a valuation of 40 billion dollars
Shein could already be going public in Hong Kong in August. The fashion retailer is aiming for a valuation of around $40 billion - significantly less than in previous financing rounds.
Chinese e-commerce giant Shein aims to launch its initial public offering (IPO) in Hong Kong with a valuation of $30 billion to $40 billion, according to insiders. The company's market debut could take place as early as mid-August, according to three individuals familiar with the matter, who spoke to Reuters on Tuesday. The planned valuation is significantly lower than Shein's previous funding rounds; in 2022, the company was valued at $98.2 billion, and after capital increases in 2023 and 2024, it reached $64 billion.
The lower valuation reflects growing business challenges, insiders said, but the final valuation and timeline are not yet set and depend on investor feedback. Shein's exact statement was not available at the time. For comparison, Swedish retailer H&M is valued at around $26 billion, Japanese Uniqlo owner Fast Retailing at $161 billion, and Spanish Zara parent Inditex at $208 billion.
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