Overview
- China’s securities regulator has approved Shein’s plan to sell 341.6 million H shares in Hong Kong, removing a major regulatory hurdle for the company’s long‑running bid to go public.
- Shein is set to appear before the Hong Kong Stock Exchange’s listing committee in mid‑July, and a committee clearance would allow the company to begin investor roadshows and bookbuilding.
- Reports say Shein aims to raise about $2–3 billion and is targeting a valuation in the $40–50 billion range, but final pricing will depend on investor demand and feedback during the process.
- Slowing user growth, weaker app downloads and falling US sales have put pressure on valuation talks and could force Shein to accept a lower market value or smaller offering size.
- After failed listing attempts in the US and London, the Hong Kong route reflects Beijing’s role in approvals and could boost the city’s market if the deal proceeds, while keeping scrutiny on Shein’s supply chain and labor practices.