A customer holds her bags as she leaves a pop-up store of the Chinese-founded fast fashion brand Shein, in Dijon on June 26, 2025.<\/p>\n
Arnaud Finistre | Afp | Getty Images<\/p>\n
Fast-fashion ecommerce platform Shein recorded net income of $2.064 billion last \u2060year, a draft company prospectus published by \u200bHong Kong’s \u200bstock exchange \u200bon Sunday showed, ahead of a long-awaited IPO expected in late August or \u2060early \u200cSeptember.<\/p>\n
Shein’s filing lays the \u2060groundwork for investor roadshows and official bookbuilding of its global offering.<\/p>\n
The retailer won approval \u200cfrom the China Securities Regulatory Commission for its Hong Kong \u200blisting on July 10, clearing the way for a listing after failed attempts in New \u2060York and London.<\/p>\n
A fast-growing e-commerce giant, Shein \u200cwould be the highest-profile retailer \u200cto list in years, as many consumer brands have delayed initial public \u2060offerings due to weak investor sentiment and a \u2060slowdown in spending \u2060among lower- to middle-income shoppers.<\/p>\n
Shein’s revenue grew 8% in 2025 to $41.8 \u200bbillion, compared to $38.7 \u200cbillion in 2024 and $32.1 billion in 2023, the filing showed.<\/p>\n
However, its net income in 2025 is a 38.7% fall \u200bfrom the $3.365 billion in \u200c2024. \u200b<\/p>\n