--- title: "Shein Targets Up To $26.8 Bln Valuation In Hong Kong IPO" type: "News" locale: "en" url: "https://longbridge.com/en/news/296834252.md" description: "Fast-fashion giant Shein is targeting a valuation of up to $26.8 billion in its Hong Kong IPO on September 1, following failed US and London listings. The company plans to offer nearly 280 million shares at HK$47.60-HK$49.50 each, raising approximately $1.77 billion with backing from Goldman Sachs, Morgan Stanley, and JPMorgan. This valuation reflects slower growth and rising costs, evidenced by a Q1 net loss of $99 million. Despite challenges like US import rule changes, Shein reported 281 million active customers as of March 2026." datetime: "2026-08-24T22:30:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296834252.md) - [en](https://longbridge.com/en/news/296834252.md) - [zh-HK](https://longbridge.com/zh-HK/news/296834252.md) generator: "portal-rs" --- # Shein Targets Up To $26.8 Bln Valuation In Hong Kong IPO Add as your preferred news source on Google Add Now Fast-fashion giant Shein is preparing to make its long-awaited debut on the Hong Kong Stock Exchange on September 1, targeting a valuation of up to $26.8 billion. The listing follows failed efforts to go public in the US and London, where the company faced regulatory scrutiny over its business and supply-chain practices. Shein said it plans to offer nearly 280 million shares at between HK$47.60 and HK$49.50 each. At the top of the range, the IPO would raise about $1.77 billion for the company and value it at $26.8 billion. Goldman Sachs, Morgan Stanley and JPMorgan are backing the offering. The valuation is sharply below Shein's $100 billion valuation in 2022, reflecting slower growth and rising costs. The company reported a $99 million net loss in the first quarter, compared with net income of $395 million a year earlier. Shein has also faced pressure from changes to US import rules, including the removal of the de minimis exemption for small packages, which had supported its rapid US expansion. Higher tariffs could increase prices and narrow its cost advantage over rivals such as H&M and Primark. Despite the challenges, Shein had 281 million active customers as of March 2026, up more than 16 percent year over year. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md) - [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [JPMO.US](https://longbridge.com/en/quote/JPMO.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [JPMorgan drops below 5% voting rights stake in Exail Technologies](https://longbridge.com/en/news/296903675.md) - [Goldman Sachs raises SBO voting rights stake to 4.62% from 4.2%](https://longbridge.com/en/news/296811905.md) - [JPMorgan cuts Soitec stake to 4.57% of capital, 3.65% voting rights](https://longbridge.com/en/news/296805161.md) - [REG - JTC PLC Morgan Stanley - Holding(s) in Company](https://longbridge.com/en/news/296512109.md) - [NFJ Investment Group LLC Buys 26,440 Shares of The Goldman Sachs Group, Inc. $GS](https://longbridge.com/en/news/296764012.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**