Shein targets $30-40 billion valuation for Hong Kong IPO

Published Aug 4, 12:57 PM UTC

Fast-fashion retailer Shein is targeting a valuation of $30 billion to $40 billion for its Hong Kong initial public offering, planned as early as mid-August 2026, according to Reuters sources. This marks a sharp decline from its peak private valuation of $98.2 billion in 2022, as the company faces headwinds including the U.S. closure of the small-package duty exemption and a $99 million net loss in its most recent quarter. Shein held investor meetings in major U.S. cities and received Chinese regulatory approval on July 10 after failed listing attempts in New York and London. The company plans to use IPO proceeds for technology, international branding, and corporate responsibility. At the target valuation, Shein's price-to-sales multiple would be 0.7-1.0, a discount to peers like H&M and Inditex.