Shein has launched its initial public offering in Hong Kong, aiming to raise up to USD 1.8 billion by listing on the Hong Kong Stock Exchange's Main Board on September 1, according to KrASIA. The company is offering approximately 280 million Class B shares at a maximum price of HKD 49.5 (USD 6.3) per share. As of August 25, investor demand had fully covered the offering.
According to the prospectus reported by KrASIA, Shein recorded a net revenue of USD 41.8 billion and a net profit of USD 2.064 billion in 2025. The fast-fashion giant serves 273 million active customers globally and offers more than two million apparel styles, underscoring its vast market reach.
For Japanese investors, Shein’s IPO highlights the growing influence of Chinese e-commerce platforms in Asia’s retail and technology sectors, potentially impacting regional equities and FX markets.