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Global Market: Shein slips to quarterly loss as US tariff changes weigh on sales ahead of Hong Kong IPO
Fast-fashion giant Shein reported a $99 million loss in Q1 2026, hit by slowing sales after the US ended duty exemptions for low-value imports and a one-time accounting charge. The disclosure came in the companys draft prospectus ahead of its planned Hong Kong IPO, though details on the issue size and pricing remain undisclosed.
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cnbc.com
Shein reveals key financials ahead of Hong Kong IPO
The retailer won approval from China for its Hong Kong listing on July 10, clearing the way for a listing after failed attempts in New York and London.
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economictimes.indiatimes.com
Shein reveals key financials ahead of Hong Kong IPO - The Economic Times
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…
