Web3
Shein Hong Kong IPO Launches at $27 Billion Valuation, 70% Below 2022 Peak
CoinCentral·August 24, 2026·1 min read
Shein launched its Hong Kong IPO on August 24, offering shares at HK$47.60 to HK$49.50, seeking up to $1.77 billion. The IPO values Shein at around $27 billion, down roughly 70% from its $98.2 billion peak in 2022. Revenue growth slowed to 1.1% in Q1 2026, and the company posted a $99 million net loss.
Read at CoinCentralDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.