The fast-fashion retailer’s planned offering values the company at nearly 70% below its 2022 private-market peak of $98.2B.
Shein has filed for a Hong Kong initial public offering targeting up to $1.77 billion, valuing the company at approximately $27 billion. The offering includes 280 million shares, marking a significant decline from its $98.2 billion private valuation in 2022.
The $27 billion valuation represents a roughly 70% drop from its peak, reflecting broader market challenges and investor caution toward high-growth retail stocks. Shein’s last private funding round in 2022 had set its valuation at nearly $100 billion.
No immediate market reaction was disclosed, but the IPO filing signals Shein’s push to expand its capital base amid shifting investor sentiment in the fast-fashion sector.