Shein's Stock Market Debut Was Postponed After Its Valuation Dropped From $40 Billion to $27 Billion

Shein wanted investors to value it at $30–40 billion for its Hong Kong stock listing in early August 2026, Reuters reports. Weeks later, that dropped to ~$25 billion. When the listing was postponed, it sat near $26–27 billion, with UBS as a backer. A fall that fast in three weeks suggests buyers were scarce in a market favoring AI companies.