ECM

SHEIN (希音) Pre-IPO: Peer Comparison

04 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 note, we briefly looked at the company's business, financials and investor backing. In this note, we compare the company with listed peers from financial, operating and valuation perspectives.

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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