# Shein completes Hong Kong IPO at $26 billion market value

_Monday, August 31, 2026 at 12:20 AM EDT · Capital · Latest · Tier 2 — Notable_

Shein completed a Hong Kong initial public offering that raised $1.7 billion and gave the company a $26 billion market capitalization, according to Bloomberg. The valuation is far below the roughly $100 billion valuation reported for 2022, as the company faces slower growth, tariffs, and competition.

## Sources

- [Techmeme](https://www.techmeme.com/260831/p1#a260831p1)

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