#Shein据报最早8月20日启动港股IPO认购
Big news! Reportedly, Shein will start Hong Kong IPO subscription as early as August 20, with a target listing date around August 28

The fast-fashion giant Shein’s long-awaited Hong Kong listing plan is finally entering its countdown. Citing information from sources reported by multiple reputable media outlets including Bloomberg and Reuters:

Subscription (order intake) to begin as early as August 20 Target to begin trading on the Hong Kong Stock Exchange around August 28

This marks a key step in Shein’s long journey to Hong Kong after multiple setbacks in New York and London. The company has already passed review by the Hong Kong Exchanges and Clearing (HKEX) and also obtained offshore listing filings with China’s securities regulator.

Market expectations currently put its valuation at around US$30 billion to US$40 billion (about HK$234 billion to HK$312 billion), far below the peak of nearly US$100 billion in 2022. Some reports say the target valuation has been lowered to around US$30 billion, with existing shareholders or subscribers expected to take up about half the shares. The company has recently faced pressure including slowing growth, rising costs, and changes in tariff policies, and it also recorded losses in the first quarter.

This will be one of the most closely watched major IPOs in this year’s Hong Kong stock market. The final timeline, pricing, and fundraising size will still depend on investor feedback, so adjustments remain possible.

Source: Reputable reports such as Bloomberg and Reuters. Real progress—no exaggeration, no fabrication. Once the official prospectus is released, we’ll look at the specific terms in detail.
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