Shein aims for up to $43 billion valuation in Hong Kong IPO

Chinese fast‑fashion retailer Shein is preparing an initial public offering on the Hong Kong Stock Exchange, targeting a valuation that could reach as high as €43 billion (about $43 billion). The company plans to sell up to 341.6 million shares, representing roughly 8 % of its equity.

Recent filings show the valuation range has been trimmed to between $30 billion and $40 billion after a slowdown in growth and lower profits. Analysts cite the impact of tariffs imposed by the United States and Europe on low‑value shipments, which threaten Shein’s ultra‑low‑price model and could force price increases for its cheapest items. The IPO is expected in mid‑August, pending final investor meetings.