Fast-fashion retailer Shein has won approval from the Hong Kong stock exchange's listing committee for its initial public offering, clearing a critical hurdle after previously securing Chinese regulatory clearance.
The company aims to publish its first listing filing in the week of July 27 and could launch the IPO as soon as late August, with a September listing targeted. Shein is seeking a valuation of $40 billion to $50 billion for the flotation.
The listing comes as Shein reported global revenue exceeding $40 billion in 2025 with net profit approaching $2 billion, up from $37 billion in revenue and $1.29 billion in profit the prior year. Meanwhile, the European Union has imposed a €3 fee on low-value e-commerce imports from this month, a move designed in part to curb competition from Chinese retailers.