Catenaa, Monday, July 13, 2026- Shein is seeking to list in Hong Kong to raise $3 billion as soon as August, after securing approval from China’s securities regulator.
Bloomberg News reported that the fast-fashion company may seek to raise about $2 billion to $3 billion in the initial public offering.
The final amount will depend on the valuation and feedback from investors, the report added.
Deliberations are ongoing, and details such as size and timing may change, the report said.
Reuters reported Monday that Shein was scheduled for a hearing with the Hong Kong stock exchange on Thursday.
Shein received approval from the China Securities Regulatory Commission for its Hong Kong IPO on Friday, about a year after it first filed with the city’s stock exchange.
That paves the way for the company to finally make its debut on public markets after two failed attempts in the US and London.
Shein had been under pressure from shareholders to cut its valuation to about $30 billion, down from more than three times that amount in the past, people familiar with the matter said last year.
Tariffs, increased competition from PDD Holdings-owned Temu and regulatory scrutiny have also weighed on its business.
Shein moved its headquarters to Singapore in 2021 and spent years downplaying its Chinese roots until it shifted its planned IPO to Hong Kong.
That decision was driven by Chinese regulators withholding their approval for a London listing, a previous report said.
