Shein Seeks Up to $1.8 Billion in Hong Kong IPO

Shein Global Holdings Ltd. is seeking to raise up to $1.8 billion in its Hong Kong initial public offering. The fast fashion retailer is offering 280 million shares at a price range of HK$47.6 to HK$49.5 each.

Shein's valuation has been impacted by tariffs, competition from PDD Holdings' Temu, and regulatory pressure, according to The Business Times - Companies & Markets. The company has swung to a loss of $99 million in the first quarter of 2026 from a $395 million profit a year earlier, while revenue has also been declining.

Shein will debut on the Hong Kong stock exchange on September 1, after launching book building for the IPO on August 24 and pricing it on August 31. The company, founded in mainland China but now headquartered in Singapore, has been attempting to list for several years, with initial plans to debut in the US and then London foundering due to scrutiny and tensions.

Brief written by urgent.news from Bloomberg, The Business Times - Companies & Markets, Channel News Asia, CNA - Business — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.