Shein is targeting an initial public offering on the Hong Kong Stock Exchange in September or October, with plans to sell up to 8% of its equity, according to people familiar with the matter.
The final size of the offering may be smaller, but the timeline signals the company is moving from preparatory work to execution mode.
The proposed valuation for the listing is estimated at between $40 billion and $50 billion.
The proposed valuation for the listing is estimated at between $40 billion and $50 billion.
This development follows the formal approval granted by China’s securities regulator, which removed the final domestic barrier to the retailer’s planned listing.
The regulatory green light was a critical step for the fast-fashion giant, which has been advancing preparatory work for months.
The move positions Shein as one of the largest potential tech-enabled retail listings in recent years, drawing significant interest from institutional investors seeking exposure to the direct-to-consumer e-commerce sector.