According to people familiar with the matter, Shein plans to start accepting subscriptions from investors for its long-awaited Hong Kong initial public offering as early as August 20, and to go public in Hong Kong around August 28. According to people familiar with the matter, Shein originally planned to achieve a valuation of around $30 billion in this IPO — only a fraction of its peak — but was opposed by investors, and the valuation may be further lowered. People familiar with the matter also said that existing shareholders may subscribe for about half of the shares. The launch is expected to raise $2 billion to $3 billion. People familiar with the matter said that relevant discussions are still ongoing, and details such as scale, valuation, and timing may change.

According to people familiar with the matter, Shein plans to start accepting subscriptions from investors for its long-awaited Hong Kong initial public offering as early as August 20, and to go public in Hong Kong around August 28. According to people familiar with the matter, Shein originally planned to achieve a valuation of around $30 billion in this IPO — only a fraction of its peak — but was opposed by investors, and the valuation may be further lowered. People familiar with the matter also said that existing shareholders may subscribe for about half of the shares. The launch is expected to raise $2 billion to $3 billion. People familiar with the matter said that relevant discussions are still ongoing, and details such as scale, valuation, and timing may change.