Key facts
- Shein is set to price its Hong Kong IPO at HK$48.56 per share.
- The offering is expected to raise approximately $1.7 billion.
- The company's valuation is set at about $26.5 billion.
- This valuation is a decrease from its 2022 peak of nearly $100 billion and its 2023 fundraising round of $66 billion.
- Shein, headquartered in Singapore and founded in China, has previously attempted to list in New York and London.
Online fast-fashion retailer Shein is poised to price its Hong Kong initial public offering at HK$48.56 per share, near the midpoint of its marketed range. This pricing is expected to raise approximately $1.7 billion and value the company at about $26.5 billion, according to two sources familiar with the matter. The valuation represents a significant decrease from Shein's peak private market valuation of nearly $100 billion in 2022 and is also below the $66 billion valuation secured in a 2023 fundraising round. Shein, which is headquartered in Singapore and was founded in China, launched its Hong Kong IPO on Monday. The company, known for its low-priced apparel sold in around 160 countries, has faced regulatory challenges and business pressures in its key U.S. and European markets. This IPO follows previous attempts to list in New York and London over the past four years.