Filing: Shein will debut on the Hong Kong exchange on Sept. 1, seeking up to $1.8B in its IPO with Goldman Sachs, Morgan Stanley, and JPMorgan as joint sponsors (Julia Fioretti/Bloomberg)

Shein Global Holdings Ltd. is set to debut on the Hong Kong stock exchange on September 1, after years of attempts to go public. The fast-fashion retailer is seeking to raise up to $1.8 billion in its initial public offering, according to a filing.

The company is offering 280 million shares at a price range of HK$47.60 to HK$49.50 per share. This values Shein at up to $26.81 billion. The IPO is being sponsored by Goldman Sachs, Morgan Stanley, and JPMorgan.

Shein's business has been impacted by tariffs, competition from PDD Holdings' Temu, and regulatory pressure, leading to a decline in its valuation. According to Straits Times Business, the company swung to a loss of HK$99 million in the first quarter of 2026 from a HK$395 million profit a year earlier, while revenue has also been declining. Free Malaysia Today and Investing.com also reported a $99 million quarterly loss, attributed to the US removing an import duty exemption on small packages.

Brief written by urgent.news from Techmeme, Straits Times Business, Free Malaysia Today, The Business Times - Companies & Markets, Investing.com — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.