Doubts about ultra-fast fashion are cooling Shein's stock market debut
The company is seeking a valuation of up to $43 billion, far from the over $85 billion it reached in 2022, weighed down by regulatory pressure and the deterioration of its results.
Shein's stock market debut enters its decisive phase. Four years after starting to study a stock market debut in the United States, and after navigating a maze of regulatory obstacles that frustrated its plans in New York and London, the Chinese fast-fashion giant is set to list in Hong Kong. The company already has the green light to go to market and has begun to sound out investors for an operation that could materialize this very month of August.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
