Deloitte China assists listing of SHEIN on SEHK
Largest international e-commerce IPO in Hong Kong year to-date
Deloitte China supported the listing of SHEIN Global Holdings Ltd. - W ("SHEIN", stock code: 00625.HK) on the Stock Exchange of Hong Kong (SEHK) on 1 September 2026. This has made SHEIN the largest international e-commerce IPO in Hong Kong in 2026 to-date by IPO funds raised.
In this global offering, SHEIN offered approximately 280 million shares at an offer price of HKD48.56 per share, raising approximately HKD13.6 billion, excluding any proceeds from the exercise of the over-allotment option.
(from left) Ivan Ye, Deloitte China’s Audit & Assurance (A&A) manager and SHEIN engagement manager;
Anna Kuang, A&A senior manager and lead senior manager of SHEIN engagement;
Allen Lau, Deloitte China Governing Board member;
Dick Kay, National leader of Capital Market Services Group (CMSG);
Bao Ping, SHEIN’s senior executive;
Gui Leigh, SHEIN’s CFO;
Kenneth Chan, lead partner of SHEIN engagement, CMSG’s Southern Region US Offering Services leader and A&A Macao managing partner;
Ambrose Ting, partner of SHEIN engagement;
Ernest Lee, Deloitte China's senior Technical partner and a member of the Listing Committee of the Stock Exchange of Hong Kong;
Chrissie Chan, A&A senior manager and senior manager of SHEIN engagement;
Valyn Wu, A&A senior and senior in-charge of SHEIN engagement;
(from left) Allen Lau, Dick Kay, Ernest Lee, Gui Leigh; Denny Lee, Non-Executive Director of SHEIN; Kenneth Chan and Ambrose Ting attend SHEIN’s listing ceremony at Hong Kong Stock Exchange.
(from left) Ernest Lee, Allen Lau, Chrissie Chan, Dick Kay, Kenneth Chan, Ambrose Ting, Anna Kuang, Ivan Ye and Valyn Wu attend SHEIN’s listing ceremony at Hong Kong Stock Exchange.
Client overview
SHEIN is a global online fashion and lifestyle company serving approximately 273 million active customers from approximately 160 markets in 2025. By offering a large, inclusive selection of constantly refreshed products that satisfy consumers’ diverse, evolving needs, SHEIN has reimagined the pursuit of fashion.
SHEIN sells merchandise via its online platforms under the “SHEIN” brand, as well as other in‑house company-designed brands and partner‑designed brands of the company. The vast product selection consisted of over 2 million apparel styles, and customers are able to discover an average of approximately 4,700 new apparel styles each day through the company's online platforms.
In addition to apparel, its offerings include footwear, accessories, beauty, home, and lifestyle products.
According to information from CIC, SHEIN was the world’s largest online fashion destination according to its apparel and footwear retail sales value in 2025.
Source: SHEIN’s IPO prospectus published on 24 August 2026
Deloitte's role
As a core professional parties of this new listing engagement, Deloitte China supported SHEIN throughout the IPO process, from project launch through fundraising and listing. This successful listing demonstrates Deloitte China's strong professional service capabilities in capital markets. Our engagement team worked closely with the company and other professional parties, leveraging deep industry knowledge, extensive capital markets experience, and strong technical expertise to deliver high-quality services. Deloitte China is proud to have supported SHEIN’s listing on the Main Board of the SEHK.
Deloitte China congratulates SHEIN on its successful listing on the SEHK. Deloitte China, together with other Deloitte member firms, will continue to provide high-quality professional services and outstanding resources integration to assist more clients to take one-step ahead in today's increasingly competitive and complex business environment.
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