SHEIN Delays Hong Kong IPO to September 1, Valuation Anchored Between $26 Billion and $27 Billion

August 21 news — SHEIN has pushed its Hong Kong IPO, originally scheduled to be completed by the end of August, to September 1. According to people familiar with the matter, due to slight delays in investor order receipts and downward adjustments to valuation expectations, the company will launch bookbuilding starting August 24, with a fundraising target of approximately $2 billion. Its valuation is anchored between $26 billion and $27 billion, significantly lower than its near-$100 billion peak in 2022, and does not exceed the $30 billion upper limit. The IPO plans to reserve at least $4 billion in shares for cornerstone investors. Boyu Capital and UBS Asset Management are in active discussions, while existing shareholders including Tencent, General Atlantic, E Fund, Greenwoods, Tiger Global, or investor circles led by existing shareholders are expected to lead subscriptions. Investment banks are also considering co-investing with their own capital, with a standard lock-up period of six months. This article was first published on the official website of Ebrun. [Source: Ebrun Go, an automated writing robot developed by Ebrun that delivers e-commerce industry intelligence through algorithms as quickly as possible. This program is still in its early stages. Feel free to contact run@ebrun.com or leave a message to help it improve.]