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  Shein's ambitions for a valuation of up to $50 billion in its ​long-awaited Hong Kong IPO are likely to face a tough test from investors, as new fees on e-commerce parcels in Europe weigh on sales growth ‌and profits.
• Shein IPO faces lower valuation as e-commerce crackdown starts to bite | 2026-07-16
  Shein's ambitions for a valuation of up to $50 billion in its long-awaited Hong Kong IPO are likely to face a tough test from investors, as new fees on e-commerce parcels in Europe weigh on sales growth and profits. The ‌fast-fashion retailer is seeking a valuation of $40 to $50 billion in its upcoming IPO in Hong Kong. Shein earned global revenue of more than $40 billion last year and made close to $2 billion in net profit, ​said two sources with knowledge of the matter, who declined to be named or to give granular numbers as the results are confidential.
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• Shein wins Chinese approval for Hong Kong IPO | 2026-07-10
  China approved fast-fashion retailer Shein's long-awaited Hong Kong IPO on Friday, a notice posted on the China Securities Regulatory Commission (CSRC) website showed, clearing the way for a listing that failed in New ‌York and London. A spokesperson for Shein did not immediately have any comment on the approval. The online retailer has waited a year ‌for the green light from Beijing for its IPO, which had to be cleared by the highest levels of the ruling Chinese Communist Party, according to a source with direct knowledge ​of the matter.

News source: finlight