Shein Targets $30‑40B Valuation for HK IPO

Shein’s Planned Hong Kong IPO

Shein, the online fast‑fashion retailer, intends to launch an initial public offering in Hong Kong as early as mid‑August 2026. The company is targeting a valuation range of $30 billion to $40 billion for the listing, according to Reuters, which cited three sources familiar with the matter.

The firm began pre‑deal investor meetings last week, and the transaction could be launched mid‑to‑late August. This valuation target represents a significant reduction from Shein’s previously reported valuations: $98.2 billion in 2022 and $64 billion during private fundraising rounds in 2023 and April 2024.

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