Shein priced and launched its Hong Kong IPO, valuing the company at about $26 billion
Deployment ● Confirmed 86% confidence first seen
Shein priced its Hong Kong IPO and began trading on the Hong Kong Stock Exchange, raising about $1.7 billion. The listing valued the company around $26 billion, substantially lower than a roughly $100 billion valuation reported in 2022, and the lower valuation also reduced CEO Sky Xu’s estimated personal wealth compared with earlier expectations.
CXMT
Flock
Shein
Shein Global Holdings Ltd.
Sky Xu
Anthropic
Apple
Google
Grindr
Hong Kong
Hong Kong Stock Exchange
Shanghai
SoftBank
Sony
Wall Street
Source coverage
Shein CEO’s wealth slumps $15 billion after whittled-down IPO
Fortune
independent
Shein Worth Only $26 Billion in Stock Market Debut, Down From $100 Billion in 2022
Trending Topics
independent
Fortune Tech: Offshore labor in an AI age, Flock targeted, Shein IPO
Fortune
independent
China's AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein's $1.7 billion IPO
Fortune
independent