Shein was founded in 2008 by Chris Xu. According to Reuters in May 2025, Shein is seeking an IPO in Hong Kong after scrapping plans for an IPO in London. No official dates for an IPO have been confirmed.
Shein is an online fashion retailer with a mission to make clothing accessible to people from all over the world. Per Forge data, Shein has raised a total of $4.1 billion over seven funding rounds. Their latest funding round was on May 17, 2023, in a Private Equity round. Key investors include General Atlantic, HSG, and Mubadala.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
| Funding Date | Round | Amount Raised | Price per Share | Post-Money Valuation 3 | Key Investors | |
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Funding Round Details are not yet available for this company.
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Shein, one of the world's largest online fast-fashion retailers, is preparing for a Hong Kong initial public offering (IPO). According to CNBC, the company revealed key financials ahead of the planned listing, disclosing a quarterly loss of $99 million while flagging the impact of tariffs on its business. The move to Hong Kong marks the latest chapter in a multiyear journey toward the public markets.
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Updated on: Sep 3, 2026
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