Shein launches weakened Hong Kong IPO offer phase

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Shein’s Hong Kong IPO aims to value the fast-fashion retailer at roughly $27 billion, as slowing growth, rising regulatory costs and intensifying trade scrutiny weigh on investor confidence

HONG KONG – Chinese ultra-fast fashion giant Shein has launched the offer phase of its long-awaited Hong Kong initial public offering (IPO), aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of almost $27 billion.

This is roughly 70% below its private market peak of nearly $100 billion four years ago.

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