Storyline
Shein IPO and stock market debut
One page that accretes the verified record as the story develops. Every fact keeps its date and its sources.
12 DAYS
24 FACTS
2 EVENTS
2 SOURCES
FIRST ENTRY AUG 24
SEP 04 · Day 12
Shein stock market entry falters
Shein is a Singapore-headquartered retailer.
The EU introduced a temporary 3-euro duty per item.
Shein reported revenue of $38.7 billion in 2024.
AUG 24 · Day 1
Shein targets nearly $27bn valuation in stock market debut
Shein said it swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty waiver on small packages called the de minimis exemption.
Shein's target valuation of almost $27bn is much lower than the $100bn valuation it reached in a round of private fundraising in 2022.
Shein plans to raise up to HK$13.86bn (£1.3bn; $1.77bn) when its shares start trading on the Hong Kong stock market on 1 September.