Shein Global Holdings Limited launched its global offering on Monday, selling approximately 280 million Class B shares at between HK$47.60 and HK$49.50 per share, valuing the company at close to $27 billion at the top of that range.
According to the prospectus, the total proceeds from the offering could reach HK$13.86 billion, equivalent to approximately $1.77 billion. The final price is expected to be announced August 31, with trading on the Hong Kong Stock Exchange set to begin September 1 under the stock code 00625.
The $27 billion valuation represents a decline of roughly 70% from the $98.2 billion private-market valuation Shein carried in 2022, and less than half the $64 billion figure investors **** igned to the company in 2023 and April 2024, according to CNBC.
A group of cornerstone investors, among them current Shein backers Boyu Capital, Tiger Global, and General Atlantic, committed to purchasing roughly $383 million in shares, according to Reuters. Tencent, Greenwoods, Taikang Life, and UBS **** et Management will also take stock. The company intends to direct approximately 80% of what it raises toward technology upgrades and broadening its international brand footprint.
The company's compressed valuation reflects a deteriorating financial trajectory. The company reported that revenue growth fell to 8% in 2025, down from 20.7% the prior year, before slowing even further to 1.1% in the first quarter of 2026. Shein posted a $99 million net loss in that quarter, reversing a $395 million profit from the same period a year earlier, after the U.S. eliminated a duty exemption on small packages from China. U.S. revenue fell 14.3% in the most recent first quarter compared with a year earlier.
#billion #Stock #approximately
According to the prospectus, the total proceeds from the offering could reach HK$13.86 billion, equivalent to approximately $1.77 billion. The final price is expected to be announced August 31, with trading on the Hong Kong Stock Exchange set to begin September 1 under the stock code 00625.
The $27 billion valuation represents a decline of roughly 70% from the $98.2 billion private-market valuation Shein carried in 2022, and less than half the $64 billion figure investors **** igned to the company in 2023 and April 2024, according to CNBC.
A group of cornerstone investors, among them current Shein backers Boyu Capital, Tiger Global, and General Atlantic, committed to purchasing roughly $383 million in shares, according to Reuters. Tencent, Greenwoods, Taikang Life, and UBS **** et Management will also take stock. The company intends to direct approximately 80% of what it raises toward technology upgrades and broadening its international brand footprint.
The company's compressed valuation reflects a deteriorating financial trajectory. The company reported that revenue growth fell to 8% in 2025, down from 20.7% the prior year, before slowing even further to 1.1% in the first quarter of 2026. Shein posted a $99 million net loss in that quarter, reversing a $395 million profit from the same period a year earlier, after the U.S. eliminated a duty exemption on small packages from China. U.S. revenue fell 14.3% in the most recent first quarter compared with a year earlier.
#billion #Stock #approximately
2 months ago
