Shein Targets Up to $3bn in Hong Kong IPO, Could Launch by August – Report Shein's long awaited initial public offering (IPO) has been making headlines for months, but recent reports suggest that the online fast fashion retailer is now on track to raise between $2 billion and $3 billion in a Hong Kong listing.
The approval from China's securities regulator is seen as a crucial milestone for Shein, allowing the company to continue its pursuit of a market debut after earlier listing efforts in the US and London were dropped.
This shift in strategy is notable, given that Shein had initially attempted to separate itself from its Chinese origins before changing its planned listing location to Hong Kong.