Shein seeks up to $2.3 billion in long-awaited Hong Kong IPO

Shein Global Holdings Ltd is planning to raise up to HK$13.9 billion (S$2.25 billion) through its Hong Kong initial public offering (IPO). The fast-fashion retailer, founded in mainland China but headquartered in Singapore, has been seeking to list for several years, initially aiming for the US and London markets. After delays due to scrutiny and tensions between China and the US, Shein is set to debut on the Hong Kong stock exchange on September 1.

The IPO prospectus reveals that Shein has swung to a loss in the first quarter of 2026 and faces challenges such as higher material costs, increased consumer prices, and a decline in valuation. The company plans to use the IPO proceeds to improve technology, invest in marketing, and strengthen its supply chain governance and environmental initiatives.

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