Shein raises $1.7B in Hong Kong IPO at $26.3B valuation
Chinese online retailer Shein conducted its IPO on the Hong Kong Stock Exchange, raising $1.7 billion with a valuation of $26.3 billion, though its stock dropped on the first day of trading. The company's valuation has significantly declined from its peak of $100 billion in 2022 due to regulatory pressures, trade barriers, and environmental and labor concerns.
Consensus
- Shein conducted its IPO on the Hong Kong Stock Exchange.
- The IPO raised $1.7 billion.
- Shein's valuation at the time of IPO was $26.3 billion.
- The company's valuation has declined significantly since its peak of $100 billion in 1922.
- Shein faced regulatory pressure and trade barriers in multiple countries.
- The company specializes in affordable fashion and accessories.
- Shein was founded in 2012 and is one of the fastest-growing online retailers in the fast fashion segment.
Points of divergence
- The stock fell 10% on the first day of trading. — kommersant
- The stock fell 4% in the first minutes of trading and the trend continued. — meduza
- The stock fell to HK$40.04 ($5.1) from an IPO price of HK$48.56 ($6.2). — vedomosti
- The valuation was estimated at $27 billion by Reuters based on the offering price. — meduza
- The IPO was initially planned for the London Stock Exchange but was jeopardized in spring 2025 due to market uncertainty and company valuation challenges. — vedomosti
- European user activity dropped by 45% after the EU introduced tariffs on cross-border online purchases. — meduza
- The EU began an investigation into Shein under the Digital Services Act (DSA) in February of this year. — vedomosti
Coverage (3 sources)
- Internet retailer Shein attracted $1.7 billion at IPO with total valuation of $26.3 billion — Коммерсантъ
- Online retailer Shein tried to go public for several years. In the first minutes of trading, the stock price fell by 4% — Meduza
- Shein conducted IPO at valuation of $26 billion — Ведомости