Shein aims for almost $27bn valuation in stock market debut
BBC Homepage
Skip to content
Accessibility Help
Your account
Home
News
Sport
Earth
Reel
Worklife
Travel
Culture
Future
Music
TV
Weather
Sounds
More menu
More menu
Search BBC
Home
News
Sport
Earth
Reel
Worklife
Travel
Culture
Future
Music
TV
Weather
Sounds
Close menu
BBC News
Menu
Home
Climate
World
UK
Business
Tech
Science
Entertainment & Arts
Health
In Pictures
More
BBC Verify
Newsbeat
Business
New Tech Economy
Technology of Business
Artificial Intelligence
Africa Business
Paths to Success
Shein aims for almost $27bn valuation in stock market debut
Image source: Getty Images
By Osmond Chia
Business reporter
Published 24 August 2026, 02:23 BST
Updated 20 minutes ago
Fast-fashion giant Shein says it plans to raise up to HK$13.86bn (£1.3bn; $1.77bn) when its shares start trading on the Hong Kong stock market on 1 September.
In a filing on Monday, external Shein said it will offer nearly 280 million shares for between HK$47.60 and HK$49.50.
At the top of the range, it would value the firm at almost $27bn (£19.8bn). But that is much lower than the $100bn valuation it reached in a round of private fundraising in 2022, reflecting weaker sales growth and higher costs.
The long-awaited move comes after failed attempts to list in the US and London due to regulatory challenges amid scrutiny of Shein, which has its headquarters in Singapore but was founded in China.
The initial public offering (IPO) is being backed by Wall Street investment giants Goldman Sachs, Morgan Stanley and JP Morgan.
In July, Shein said it had swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty exemption on small packages.
The company said it lost $99m in the first three months of the year, compared with a net income of $395m a year earlier.
It also came as uncertainty remains over the tit-for-tat US-China tariffs wars, which is currently paused.
Since it was founded in 2008, Shein has risen to become one of the world's biggest fast-fashion retailers, with customers in more than 150 countries.
The e-commerce giant is known for selling ultra-cheap clothes, backed by a vast network of factories in China that are able to quickly manufacture new products based on the latest trends.
Its revenue has far outstripped rivals like H&M and Zara.
But Shein's fast-fashion business has faced concerns over its environmental impact, and allegations of forced labour in supply chains. Shein has previously told the BBC it has a "zero tolerance for forced labour".
Its attempt to go public on the London Stock Exchange collapsed after the company came under scrutiny over its refusal to answer questions about its supply chain practices .