The fast-fashion company Shein wants to join the stock market in Hong Kong on 1 September. The company wants a market value of nearly $27 billion. Shein plans to sell about 280 million shares to investors. The price for each share will be between HK$47.60 and HK$49.50. If the price is high, the company will raise $1.77 billion. This will make the company's value $26.8 billion.
This value is much lower than before. In 2022, Shein was worth about $100 billion. Now, sales are growing more slowly and costs are higher. Shein has customers in more than 150 countries. However, the company has some money problems. Shein lost $99 million in the first three months of this year. Last year, the company made a profit of $395 million during the same time. But Shein still has many customers. At the end of March 2026, Shein had 281 million active customers. This is more than 16% more than last year.
Shein tried to join the stock market in London before, but it failed. This happened because of questions about how the company makes its products. Now, the company is looking at Hong Kong instead. Also, sales in the United States are slower. This is because of a policy change by US President Donald Trump. The government removed a special rule called the de minimis exemption. This rule helped small packages stay cheap to ship. Without this rule, it is harder for Shein to sell cheap items in the US. Investors will watch the Hong Kong debut to see if the company can become stable again.