Shein wins China's approval for a Hong Kong IPO targeting a $40 billion valuation

The fast-fashion retailer is scheduled for a stock exchange hearing Thursday and could list as early as the third quarter of 2026

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Shein received approval from China's securities regulator on Friday for a Hong Kong initial public offering, clearing a major obstacle in its years-long effort to go public. The company expects to issue 341.6 million H shares in the offering, according to the China Securities Regulatory Commission.

A listing could come together as early as the third quarter of this year, with the company targeting a valuation of $40 billion to $50 billion,........

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