IPOFast fashion retailer set to start trading in Hong Kong on Sept. 1A customer holds shopping bags with a Shein logo from the company's first physical store in Paris in November 2025. © ReutersAugust 24, 2026 09:57 JSTHONG KONG (Reuters) -- Online fast-fashion retailer Shein's valuation has dropped by around 70% from a near $100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion ($1.77 billion) in its Hong Kong IPO launched on Monday.Read NextTradeChina accuses EU of overreach regarding JD.com deal probeIPOShein IPO set to test investor demand as trade barriers riseIPOShein wins long-awaited Chinese approval for Hong Kong IPOTrade warChinese door-to-door logistics networks grow in US to counter trade warTechnologyEU fines Temu $230m over illegal product salesRetailShein bets on $500m China distribution hub to fight headwinds overseasRetailJapan's Rakuten woos foreign sellers to fend off rivals Temu, SheinLatest on IPOIPOYMTC parent seeks $4.9bn Shanghai IPO on AI memory boomIPOFrom Vietnam to Malaysia, Southeast Asian IPOs haul in $3bn in first halfIPOUnitree shares soar in humanoid maker's landmark Shanghai IPO