Can cut-price Shein shine in its long-awaited stock market debut?
The firm's Hong Kong listing comes after a years-long quest to list in New York and London.
Shein, the fast-fashion giant, is set to debut on the stock market in Hong Kong on Tuesday after years of attempts to go public in the US and UK. The company, once valued at nearly $100bn, is now worth around $26.3bn. Shein's popularity stems from its ability to offer trendy clothing at low prices, sourced from factories in China.
The company has 281 million active customers who have placed over a billion orders since the beginning of 2026. However, Shein's business model has been criticized for its environmental and labor practices, and Western countries have imposed import duties and taxes on its products. Despite these challenges, Shein's IPO is seen as a test of investor appetite for the fast fashion industry.
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