ECM

SHEIN (希音) Pre-IPO: Forecast and Valuation

14 Aug 2026 By Ke Yan, CFA
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Abstract: SHEIN, a global online fashion and lifestyle retailer, has passed the HKEX listing hearing. GS, MS and JPM are joint sponsors. In our previous notes, we looked at the company's business and financials and compared it with listed peers. In this note, we forecast earnings and provide our thoughts on valuation.

Fast Retailing (9983 JP) ASC LN (ASC LN) Coupang (CPNG US) ITX SM (ITX SM) Vipshop (VIPS US)

Highlighted Stocks

Fast Retailing, ASC LN, Coupang, ITX SM, Vipshop

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