started · updated
Shein prepares for Hong Kong IPO with significantly lower valuation
Shein is preparing for an initial public offering (IPO) in Hong Kong following approval from the China Securities Regulatory Commission (CSRC). This follows several failed attempts to list in New York and London due to regulatory scrutiny and political headwinds regarding supply chain practices.
Market analysts at Bloomberg Intelligence estimate Shein's valuation will fall between $22 billion and $25 billion, a significant decline from its peak valuation of approximately $100 billion in 2022. This lower valuation reflects decelerating revenue growth, rising operational costs, and increased competition from rivals like Temu.
The company's business model, which relies on shipping low-value goods directly to consumers, is facing significant pressure from new trade policies. Changes to de minimis tax exemptions in the United States and the introduction of a three-euro customs fee per package in the European Union have increased costs. Shein reported a net loss of $99 million in the first quarter of 2026, signaling a shift from its previous profitability.
Entities
Bloomberg Intelligence · China Securities Regulatory Commission · Dao Insights · European Union · Hong Kong · Hong Kong Stock Exchange · Shein
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Shein plans to sell approximately 342 million shares in its Hong Kong listing. www.lavozdegalicia.es · www.deia.eus · www.diariolibre.com
- [● 6 SOURCES] The China Securities Regulatory Commission (CSRC) approved Shein's application to list in Hong Kong. www.lavozdegalicia.es · www.distribuicaohoje.com · economedia.ro · cryptobriefing.com · www.deia.eus · +1 more
- [● 8 SOURCES] The valuation is based on a multiple of 13 to 15 times the projected earnings for 2027. dinheirovivo.dn.pt · www.stheadline.com · economedia.ro · www.ot.gr · cryptobriefing.com · +3 more
- [● 3 SOURCES] Shein reported a net loss of $99 million in the first quarter of 2026. cafebiz.vn · cryptobriefing.com · thenextweb.com
- [● 8 SOURCES] Bloomberg Intelligence estimates Shein's fair valuation for its Hong Kong IPO will be between $22 billion and $25 billion. dinheirovivo.dn.pt · www.stheadline.com · economedia.ro · www.ot.gr · cryptobriefing.com · +3 more
- [● 3 SOURCES] The European Union introduced a three euro customs fee per low-value order. dinheirovivo.dn.pt · www.distribuicaohoje.com · www.epochtimes.com
- [● 10 SOURCES] Shein reached a peak valuation of approximately $100 billion in 2022. dinheirovivo.dn.pt · www.lavozdegalicia.es · www.distribuicaohoje.com · www.stheadline.com · economedia.ro · +5 more
- [○ 1 SOURCE] Shein's revenue increased by 8% in 2025 to $41.8 billion. economedia.ro