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🇫🇷 France /Economy & Trade

Fast-fashion retailer Shein to list on Hong Kong Stock Exchange Sept. 1

From Le Figaro · () French

Translated from French, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Fast-fashion giant Shein plans to list on the Hong Kong Stock Exchange on September 1.
  • The initial public offering could raise up to $13.86 billion Hong Kong dollars (approximately $1.5 billion euros).
  • The listing would value the company at around $210.3 billion Hong Kong dollars (about $23 billion euros).

Fast-fashion behemoth Shein is preparing for a significant market debut, announcing its intention to list on the Hong Kong Stock Exchange on September 1. This move is expected to be one of the largest initial public offerings (IPOs) of the year.

The company aims to raise a substantial amount through this listing, with projections indicating it could secure up to 13.86 billion Hong Kong dollars. This figure translates to approximately 1.5 billion euros based on current exchange rates. The IPO is anticipated to value Shein at a considerable 210.3 billion Hong Kong dollars, roughly equivalent to 23 billion euros.

This strategic financial move by Shein underscores its global reach and ambition within the competitive fast-fashion industry. The Hong Kong Stock Exchange has been a popular venue for major listings, attracting international companies seeking access to Asian capital markets.

DistantNews Editorial

Originally published by Le Figaro in French. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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