Shein's Hong Kong IPO Valuation Fell From $40 Billion to $27 Billion Before Postponement

Shein aimed for $30–40 billion in its Hong Kong IPO in early August 2026, per Reuters. By mid-August, sources said the figure was cut to ~$25 billion. At postponement, it settled near $26–27 billion, with UBS as a cornerstone investor. A slide that steep in three weeks signals weak demand for a consumer name in an AI-driven IPO market.