Shein's IPO Valuation Slid From $40 Billion to $27 Billion in Three Weeks Before Postponement

Shein targeted a $30–40 billion valuation for its Hong Kong IPO in early August 2026, per Reuters. By mid-August, sources said that figure had been cut to about $25 billion. At postponement, the range settled at roughly $26–27 billion, with UBS among cornerstone investors. A downward march of that scale in three weeks signals weak demand for a consumer name in an AI-driven IPO market.