Shein Raises $1.74 Billion in Hong Kong IPO Below Price Range Top

Shein raised $1.74 billion in its Hong Kong IPO, pricing shares at HKD 48.56.

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As of 2026-09-01 16:01 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Shein priced its initial public offering in Hong Kong at 48.56 Hong Kong dollars per share on Monday, which is below the upper end of the announced range of 47.60 to 49.50 Hong Kong dollars. ^[1] The online fast-fashion retailer sold 280 million shares to raise 13.6 billion Hong Kong dollars, equivalent to $1.74 billion. ^[2] Major investors participating in the offering included Willett Advisors, the family office of Michael Bloomberg, Xavier Niel, Microsoft, Reliance, Claure Group, and the SoftBank Vision Fund. ^[3] The IPO saw an oversubscription of 5.63 times for the Hong Kong offering and 2.59 times for the international offering, according to a statement from Shein to the stock exchange. ^[4] Kenny Ng, a strategist at China Everbright Securities International, stated that the oversubscription rate is relatively mild and that some investors remain cautious about the valuation due to fluid international trade policies and geopolitical tensions. ^[5] The Hong Kong public offering portion was subscribed 5.63 times, while the international portion was subscribed 2.59 times, according to a stock exchange filing. ^[6] Shares of the fast-fashion retailer dropped more than 10 percent in gray-market trading on Monday. ^[7]

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The online fast-fashion retailer sold 280 million shares to raise 13.6 billion Hong Kong dollars, equivalent to $1.74 billion. · El Economista

Major investors participating in the offering included Willett Advisors, the family office of Michael Bloomberg, Xavier Niel, Microsoft, Reliance, Claure Group, and the SoftBank Vision Fund. · El Economista

The IPO saw an oversubscription of 5.63 times for the Hong Kong offering and 2.59 times for the international offering, according to a statement from Shein to the stock exchange. · El Economista

Kenny Ng, a strategist at China Everbright Securities International, stated that the oversubscription rate is relatively mild and that some investors remain cautious about the valuation due to fluid international trade policies and geopolitical tensions. · The Manila Times

The Hong Kong public offering portion was subscribed 5.63 times, while the international portion was subscribed 2.59 times, according to a stock exchange filing. · The Manila Times

Shares of the fast-fashion retailer dropped more than 10 percent in gray-market trading on Monday. · The Manila Times

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