Shein valued at $22B to $25B ahead of major IPO: Bloomberg Intelligence

Shein, the ultra-fast-fashion retailer that once commanded a nearly $100 billion valuation, is heading into its Hong Kong IPO at a fraction of that price. Bloomberg Intelligence pegs the company’s worth at $22 billion to $25 billion. The company is reportedly targeting $2 billion to $3 billion in proceeds from the offering, which could launch as early as mid-August 2026. That timeline became possible after Shein received approval from the China Securities Regulatory Commission on July 10, 2026, clearing a major bureaucratic hurdle that had stalled its public market ambitions for years. From $98B to $25B: a valuation in freefall In 2022, private investors valued Shein at $98.2 billion during a funding round, making it one of the most valuable private companies on the planet. By 2023 and 2024, that number had already slipped to the $64 billion to $66 billion range in subsequent rounds. Now Bloomberg Intelligence suggests public market investors will value the company at roughly one-quarter of its peak. Some market observers had projected a potential IPO valuation in the $30 billion to $40 billion range, with the most optimistic estimates reaching $40 billion to $50 billion. The Bloom...