Maples Group Advises SHEIN in its HK$13.6 Billion Hong Kong IPO

Maples Group acted as Cayman Islands legal counsel to SHEIN Global Holdings Ltd. (“SHEIN”) in connection with its global offering and listing on the Main Board of the Stock Exchange of Hong Kong Limited, raising approximately HK$13.6 billion (approximately US$1.6 billion). The transaction marked the largest cross-border e-commerce IPO in Hong Kong in 2026 to date.

SHEIN is a leading global online fashion and lifestyle retailer, serving customers in more than 150 markets worldwide. The listing marks a major milestone in the company’s growth journey and reinforces Hong Kong’s position as a premier international capital-raising venue for globally recognised consumer and technology businesses.

The Maples & Calder legal team was led by Asia Head of Corporate, Matt Roberts, Partner, Karen Zhang Pallaras and Of Counsel, Kelvan Cheung, from the Asia Corporate Team in the Hong Kong office. The Maples Fund Services team acted as the Cayman Islands Share Registrar, with a team comprising Eastern Fong, Regional Head of Fund Services – Asia and Senior Vice President, Christy Poon.

Matt Roberts commented: “We are delighted to have advised SHEIN on this landmark transaction. The successful listing represents an important milestone for the company and highlights the continued strength and attractiveness of Hong Kong’s capital markets for innovative, globally focused businesses. We are proud to have supported SHEIN on this significant achievement and wish the company continued success in its next phase of growth.”