Shein plans to launch Hong Kong IPO as soon as August 19: Report
Bloomberg Intelligence said Shein’s price should reflect slower growth, tariff pressure and regulatory risk, and it sees 2027 earnings at 13 to 15 times.
- Bloomberg Intelligence estimates Shein Global Holdings Ltd.'s valuation at $22 billion to $25 billion as the fast-fashion retailer prepares for its Hong Kong IPO, marking a fresh benchmark for one of the year's biggest offerings.
- Shein's valuation has plunged from its $100 billion peak in 2022 as growth slows amid competition from Temu and US tariffs that have reshaped the company's direct-from-factory model.
- In Q1 2026, Shein reported a $99 million net loss with profit margins halving to 4.9%, while its structure as a China-founded company headquartered in Singapore complicates investor positioning.
- Sources familiar with the roadshow warn Shein may struggle to attract major Chinese institutional investors, though some interest exists at valuations in the mid-to-high twenties.
- Consumer analysts Catherine Lim and Jason Zhu project earnings will recover to $1.67 billion by 2027, growing about 20 per cent annually, with the current valuation capturing the middle ground between marketplace and fast-fashion models.
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31 Articles
Shein Is Finally Going Public, But Far From the Valuation Once Expected for the Company
Shein is preparing to launch its long-awaited Hong Kong IPO as early as next week, but slowing growth, tariff pressures and weaker profits have sharply reduced its expected valuation.
Advisors at Shein are trying to sell the company to potential investors at a valuation of less than 30 billion dollars. That is a drop of more than 70 percent compared to four years ago, when the company was valued at over 100 billion dollars in a private financing round, reports the Financial Times.
The Chinese fast-fashion dealer is aiming for a valuation of between $30 and $40 billion. In 2022, it was even more than $98 billion.
Shein produces low-cost fashion in China and distributes it in about 160 countries. The company is seeking its IPO, which is reported to be near.
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