Shein valued at $26.3 billion in Hong Kong market debut
Business
Finance
August 31, 2026
Share this article
Click to view full size
HONG KONG, China (AFP)—Fast-fashion giant Shein raised $1.7 billion in its long-awaited Hong Kong initial public offering, valuing the online retailer at around $26.3 billion, the company said Monday.
Known for its ultra-low prices and rapidly produced clothes, the Chinese-founded behemoth’s stock sale in the Asian financial hub comes after IPO plans for New York and London were derailed under regulatory scrutiny.
The online retailer offered 280 million shares on the market at HK$48.56 apiece, Shein said in a filing to the Hong Kong Stock Exchange, below the maximum announced offer price of HK$49.50.
Business
Finance
Need the bigger picture?
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
