Shein is preparing an initial public offering in Hong Kong seeking to raise up to $1.77 billion, at a valuation of around $27 billion that CNBC reports falls well short of its 2022 peak.
Key facts
- Shein is planning a Hong Kong IPO that CNBC reports would value the company at roughly $27 billion.
- The company aims to raise up to $13.86 billion Hong Kong dollars, or about $1.77 billion.
- The plans were disclosed in a filing on Monday, according to CNBC.
- CNBC reports the targeted valuation is a fraction of the company's 2022 valuation.
Shein, the fast-fashion retailer, is planning to raise up to $13.86 billion in Hong Kong dollars — about $1.77 billion — through an initial public offering, according to a filing on Monday reported by CNBC.
The listing would value the company at around $27 billion, a figure that CNBC reports marks a sharp decline from its valuation in 2022.
The details were set out in the company’s filing, which laid out the amount Shein is seeking to raise from investors through the Hong Kong offering.
According to CNBC’s reporting, the gap between the targeted valuation and the company’s earlier peak reflects a reset in how the market is pricing the retailer compared with a few years ago.
CNBC reported the plans on 24 August 2026, citing the Monday filing as the source of the fundraising figures.
Why it matters
Shein has become one of the most recognisable names in global fast fashion, so the terms of its public listing draw attention from investors and shoppers alike. The lower valuation compared with 2022, as reported by CNBC, signals a notable shift in how markets assess the company's worth.
Frequently asked questions
How much is Shein trying to raise in its IPO?
According to a filing reported by CNBC, Shein is planning to raise up to $13.86 billion in Hong Kong dollars, equivalent to about $1.77 billion.
What valuation is Shein targeting?
Shein is targeting a valuation of around $27 billion, which CNBC reports is a fraction of its 2022 valuation.
Where is Shein planning to list?
Shein is planning its initial public offering in Hong Kong, based on a filing made on Monday.