Shein, the Chinese-founded fast-fashion giant , is set to debut on Hong Kong’s stock exchange on September 1, valuing the company at $27 billion, according to Yahoo Finance and Channelnewsasia. The IPO marks a dramatic fall from its $100 billion private-market peak in 2022, as the company faces regulatory scrutiny, environmental criticism, and intensifying competition. Shein’s Hong Kong IPO , announced on August 24, 2026, values the company at $27 billion, with 280 million shares priced between HK$47. 77 billion, with the final price set for August 31 and trading beginning September 1. A Dramatic Valuation Drop Amid Slowing Growth Shein’s IPO valuation reflects a steep correction from its 2022 peak.