Shein seeks $27bn valuation from Hong Kong IPO

In Hong Kong on 24 August 2026, Shein targeted a valuation of up to $27 billion in its Hong Kong IPO, according to Bloomberg, the Wall Street Journal and the Financial Times. Reuters said Shein would pay up to $3.5 billion to select pre-IPO investors around the listing. China Daily wrote that Shein seeks to raise $1.8 billion, and Al Arabiya said its shares would begin trading in early September. Separately, Alibaba raised $10 billion in a record Hong Kong share sale, and its shares fell 8 percent.