Shein swings to quarterly loss ahead of Hong Kong IPO
Shein reported a $99 million net loss for Q1 2026, reversing a $395 million profit from the previous year. The company is preparing for its Hong Kong IPO amid deteriorating financial performance.
Shein reported a $99 million net loss for Q1 2026, reversing a $395 million profit from the previous year. The company is preparing for its Hong Kong IPO amid deteriorating financial performance.
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Shein swings to quarterly loss ahead of Hong Kong IPO Reuters
Shein reported a $99 million net loss for the first quarter of 2026 in its draft Hong Kong listing prospectus, reversing a $395 million profit a year earlier, as the Singapore-headquartered fast-fashion retailer prepared for a planned Hong Kong IPO [scmp.com#1][bbc.co.uk#1][perthnow.com.au#1][aawsat.com#1][cash.ch#1][bursa.ro#1]. First-quarter net revenue rose 1.1% to $9.05 billion, while the comp