# Sky Yangtian Xu

Type: Person

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/sky-yangtian-xu
Canonical HTML page: https://getfinancebrief.com/entity/sky-yangtian-xu

## Timeline

- **2026-09-01**: Trading expected to begin — Shein shares are expected to start trading on the Hong Kong exchange.
- **2026-08-31**: Final IPO price expected — Shein is set to announce the final offer price.
- **2026-08-24**: Hong Kong IPO launched — Shein offers 280 million shares at HK$47.60 to HK$49.50 per share, targeting up to HK$13.86 billion.
- **2024-04**: April 2024 valuation holds at $64 billion — The company is again valued at $64 billion in a private funding round.
- **2023**: Valuation drops to $64 billion — Shein is valued at $64 billion as slowing growth and changing conditions pressure private markets.
- **2022**: Shein valued at $98.2 billion — A private funding round values the fast-fashion giant at its near-$100 billion peak.

## Recent coverage (1 stories)

### Shein's 70% Valuation Cut to $27B Tests Hong Kong IPO Appetite
2026-08-24 02:15:57 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

Shein has launched a Hong Kong IPO raising up to HK$13.86 billion, or $1.77 billion, but at up to $27 billion it is priced about 70% below its 2022 private-market peak of $98.2 billion. Cornerstone investors committed $383 million, while founders retain 90% voting control and pre-IPO special shareholders may receive up to $3.5 billion.
Full story: https://getfinancebrief.com/story/shein-27b-hong-kong-ipo-finance

---
This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getfinancebrief.com/guides/methodology for the full editorial methodology.