SHEIN Global Holdings

SHEIN Global Holdings (Ticker: 625 HK) operates an online retail business selling clothing, accessories, beauty and lifestyle products to customers across international markets. Founded in China, SHEIN is headquartered in Singapore. In 2025, it had approximately 273 million active customers across around 160 markets. Its data-driven, on-demand supply chain is designed to introduce new styles quickly.

The scheduled listing date on Hong Kong Stock Exchange was September 1, 2026. The proposed offering comprises 280,000,000 shares at an indicative price range of HKD 47.60–49.50 per share. At the indicative range midpoint, the base offering would represent HKD 13.59 billion, approximately $1.73 billion in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is $26.80 billion.