Company profile Β· China Β· Fast fashion e-commerce

Shein

Discount$40–50B (IPO target)Down sharply from its $100B 2022 round

Hong Kong skyline β€” Shein's home market
Victoria Harbour, Hong Kong β€” Wikimedia Commons, CC BY-SA 4.0

About

Shein is a China-founded, Singapore-headquartered fast-fashion e-commerce giant that ships directly to consumers worldwide.

Premium or discount?

Shein's expected Hong Kong IPO is targeting $40–50B β€” sharply down from its $100B 2022 primary round, making it the tracker's clearest APAC discount example, reflecting tighter global scrutiny of fast-fashion supply chains and slowing growth.

Hong Kong coverage →

Secondary deal history

DateValuationvs. last roundTypeBuyersSource
Jul 2026$40–50B (IPO target)DiscountDown sharply from its $100B 2022 roundHong Kong IPO (CSRC-approved)Public marketsBloomberg / Yahoo Finance β†—

Frequently asked questions

Can I buy secondary shares in Shein?
Retail investors generally cannot buy shares directly. Access typically runs through accredited-investor marketplaces, employee tender programs, or funds that have already built a position β€” and is subject to the company’s transfer restrictions and rights of first refusal.
Why did Shein's valuation trade at a discount to its last round?
Shein's expected Hong Kong IPO is targeting $40–50B β€” sharply down from its $100B 2022 primary round, making it the tracker's clearest APAC discount example, reflecting tighter global scrutiny of fast-fashion supply chains and slowing growth.
Is the valuation on this page an official company valuation?
No. Secondary marks reflect the price a buyer and seller agreed on (or are discussing) in a specific transaction, not a valuation the company itself set. They are a useful demand signal, not an audited or company-endorsed figure.