Shein eyes Hong Kong IPO at $30b-$40b valuation: sources
The target is below Shein’s US$98.2 billion valuation in 2022 and the US$64 billion valuations it reached in private fundraising rounds in 2023 and April 2024.
Shein is considering an initial public offering (IPO) in Hong Kong with a valuation of $30 billion to $40 billion. This is significantly lower than its valuation of $98.2 billion in 2022 and $64 billion in private fundraising rounds in 2023 and April 2024, according to Tech in Asia.
The potential IPO comes as Hong Kong's economy shows mixed signs. According to UOB's Ho Woei Chen, the city's GDP growth slowed to 4.3% year-on-year in the second quarter of 2026, with a 0.6% quarterly contraction.
In related news, five-year Chinese treasury bond futures began trading on the Hong Kong stock exchange on August 3, marking a significant development in the international monetary system, as reported by the South China Morning Post and SCMP Business.
Brief written by urgent.news from Tech in Asia, FXStreet, SCMP Business, South China Morning Post — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
