Shein aims for almost $27bn valuation in 1 September stock market debut

Shein plans to raise up to HK$13.86 billion (approximately £1.3 billion or $1.77 billion) when its shares begin trading on the Hong Kong Stock Exchange on 1 September. According to a filing released on Monday, the company will offer roughly 280 million shares at a price range of HK$47.60 to HK$49.50 each. At the top of that range, the implied valuation would be about $27 billion (£19.8 billion). This figure is markedly lower than the $100 billion valuation Shein achieved during a private‑fundraising round in 2022, a decline the company attributes to weaker income growth and higher costs. The anticipated Hong Kong debut follows several unsuccessful attempts to list in the United States and London, which were hindered by regulatory challenges. Shein, although headquartered in Singapore, was originally founded in China. The IPO is being backed by Wall Street giants Goldman Sachs, Morgan Stanley and JP Morgan. In July, Shein said it had swung to a quarterly loss as its income slowed after US President Donald Trump removed an import work exemption on tiny packages. The institution said it mislaid $99 million in the first 3 months of the year, compared with a nett income of $395 million a year earlier. It also came as uncertainty remains implicit the tit‑for‑tat US‑China tariffs wars, which is presently paused.