Shein aims for almost $27bn valuation in stock market debut

What the report says

Shein says it plans to raise up to HK$13.86bn (£1.3bn; $1.77bn) in a Hong Kong stock market debut set for 1 September, with shares offered at HK$47.60 to HK$49.50 each. At the top of that range, the fast-fashion retailer would be valued at almost $27bn, according to its filing reported by BBC World News. The deal is being supported by Goldman Sachs, Morgan Stanley and JPMorgan.

The valuation would be far below the $100bn level Shein reached in private fundraising in 2022, reflecting slower sales growth and higher costs. BBC World News reported that the planned listing follows earlier failed attempts to go public in the US and London, where regulators scrutinized the company’s operations and supply chain disclosures. Shein is headquartered in Singapore but was founded in China.

The company’s move comes after a difficult period for sales and profits. In July, Shein said it had recorded a quarterly loss after changes to US import rules and broader tariff uncertainty added pressure on costs. It also said disruption linked to conflict in the Middle East affected demand and deliveries in some markets. More broadly, the retailer has continued to face criticism over its environmental footprint and allegations involving labour practices, concerns it has previously rejected.