A customer holds her bags as she leaves a pop-up store of the Chinese-founded fast fashion brand Shein, in Dijon on June 26, 2025.Arnaud Finistre | Afp | Getty ImagesFast-fashion ecommerce platform Shein recorded net income of $2.064 billion last ⁠year, a draft company prospectus published by ​Hong Kong's ​stock exchange ​on Sunday showed, ahead of a long-awaited IPO expected in late August or ⁠early ‌September.Shein's filing lays the ⁠groundwork for investor roadshows and official bookbuilding of its global offering.The retailer won approval ‌from the China Securities Regulatory Commission for its Hong Kong ​listing on July 10, clearing the way for a listing after failed attempts in New ⁠York and London.A fast-growing e-commerce giant, Shein ‌would be the highest-profile retailer ‌to list in years, as many consumer brands have delayed initial public ⁠offerings due to weak investor sentiment and a ⁠slowdown in spending ⁠among lower- to middle-income shoppers.Shein's revenue grew 8% in 2025 to $41.8 ​billion, compared to $38.7 ‌billion in 2024 and $32.1 billion in 2023, the filing showed.However, its net income in 2025 is a 38.7% fall ​from the $3.365 billion in ‌2024. ​