Shein launches Hong Kong IPO at $27 billion valuation

Corporate Action

โดย Yahoo Finance·

Summary · why it matters

Shein Global Holdings Limited launched its global offering on Monday, selling approximately 280 million Class B shares at between HK$47.60 and HK$49.50 per share, valuing the company at close to $27 billion at the top of that range. Total proceeds could reach HK$13.86 billion, or about $1.77 billion, with the final price expected August 31 and trading on the Hong Kong Stock Exchange set to begin September 1 under stock code 00625. The valuation is down roughly 70% from the $98.2 billion private-market valuation Shein carried in 2022 and less than half the $64 billion figure from 2023 and April 2024. Cornerstone investors including Boyu Capital, Tiger Global, and General Atlantic committed about $383 million, while Tencent, Greenwoods, Taikang Life, and UBS Asset Management will also take stock. Revenue growth slowed to 8% in 2025 from 20.7% the prior year and to 1.1% in the first quarter of 2026, when Shein posted a $99 million net loss after the U.S. eliminated a duty exemption on small packages from China. The four co-founders will collectively hold 90% of voting power, and the listing is the biggest new share issuance on the Hong Kong exchange this year, topping Momenta Global's $751 million raise in July.

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