Shein Faces Soft Hong Kong Debut With 26.5B Valuation
Chinese online retailer Shein is headed for a soft Hong Kong market debut as gray market shares trade below the IPO price. The offering values the company at 26.5 billion dollars, well below its previous peak amid rising tariff pressures.
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Shein will debut in Hong Kong on Tuesday, valuing the online fashion giant at $26.5B after years of stalled listing attempts in the West. Gray market quotes indicate the stock trading more than 10% below its IPO price. The valuation sits far below a 2022 peak of nearly $100B, reflecting mounting regulatory pressures and slowing growth.











