Fast-fashion giant Shein sets cut-price $27bn valuation for Hong Kong IPO

<p>China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprint</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/aug/24/canadian-dollar-dips-us-canada-talks-collapse-trade-war-oil-prices-fall-us-sanctions-on-iran-live-updates">Business live – latest updates</a></p></li></ul><p>Shein, which built a fast-fashion empire on <a href="https://www.theguardian.com/fashion/2024/apr/16/super-cute-please-like-the-unstoppable-rise-of-shein">what seemed like impossibly low prices</a>, has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this year.</p><p>The online retailer will list on the Hong Kong stock exchange on 1 September at a valuation of close to $27bn (£19.8bn), significantly down from a near-$100bn private market peak four years ago.</p> <a href="https://www.theguardian.com/business/2026/aug/24/fashion-giant-shein-27bn-valuation-hong-kong-market-debut">Continue reading...</a>