Shein set to raise $1.7 billion in Hong Kong IPO
The listing comes as China-related technology offerings in Hong Kong and Shanghai raise more than $54 billion this year.
Shein is set to raise $1.7 billion in a Hong Kong initial public offering, one of the city’s largest new share sales this year, as Chinese stock listings gain momentum.
The fast-fashion and e-commerce company was founded in China and had also explored listings in the US and London before choosing Hong Kong. Its shares are due to debut Tuesday.
The offering is part of a broader IPO boom driven by investor demand for artificial intelligence, robotics, and other advanced technologies. China’s largest memory-chip maker, CXMT, raised more than $8.6 billion in Shanghai in July, while its shares rose 466% on their first trading day.
Unitree, a Chinese humanoid-robot maker, also debuted in Shanghai in August, with shares rising 460% on the first day. Ruiying Zhao of S&P Global Market Intelligence said the boom was powered by appetite for AI and robotics and noted that retail investors heavily influence Shanghai trading.
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IPO and secondary-listing activity in Hong Kong and Shanghai has raised more than $54 billion so far in 2026, according to LSEG, up from more than $46 billion last year. The exchanges accounted for about 21% of global proceeds, behind the Nasdaq’s roughly 55% share.
Stricter US and Chinese scrutiny of overseas listings, particularly in strategically important technology sectors, has encouraged more companies to list closer to home. Hong Kong also allows Chinese companies to raise capital from international investors.