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[BUSINESS] · Hong Kong SAR China, Singapore, China · 100 sources

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Shein to debut on Hong Kong Stock Exchange on September 1

Fast-fashion retailer Shein is set to debut on the Hong Kong Stock Exchange on September 1, following previous unsuccessful attempts to list in New York and London due to regulatory hurdles. The company plans to offer approximately 280 million shares at a price range of HK$47.60 to HK$49.50 per share, aiming to raise up to HK$13.86 billion (approximately $1.77 billion).

This upcoming IPO reflects a significant decline in Shein’s market valuation. While the company reached a private valuation of roughly $98.2 billion in 2022, current estimates place its market capitalization between $25.8 billion and $27 billion. This downturn is attributed to slowing sales growth, rising operational costs, and shifting trade policies, such as the removal of de minimis tax exemptions in the United States and Europe.

Shein, which was founded in China and is currently headquartered in Singapore, intends to use the proceeds from the offering to enhance its technological capabilities and expand its international presence. The company’s business model, characterized by rapid production cycles and extremely low prices, has faced increasing scrutiny regarding environmental impact and labor practices. The IPO is supported by major investment banks, including Goldman Sachs, Morgan Stanley, and JPMorgan.

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China · China Securities Regulatory Commission · Chris Xu · Forbes · Goldman Sachs · Hong Kong Stock Exchange · Morgan Stanley · Shein · Singapore

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