How Shein’s IPO lost its shine
El gigante de la moda rápida que llegó a lo más alto cotizará en Hong Kong a una cuarta parte de su valor máximo tras años de fracasos iniciales. Leer
Shein, the fast fashion giant, is set to list on the Hong Kong stock exchange at a valuation of $25.7-26.8 billion, a quarter of its peak value of $100 billion in April 2022. The company, which has faced significant challenges, including investigations in the EU and US, and a loss of investor enthusiasm, aims to raise $1.7-1.8 billion.
Shein has struggled with its IPO plans, having attempted to list in the US and London, but faced regulatory hurdles and criticism over its business practices. The company's listing in Hong Kong marks a new chapter, after it shifted focus from the US and London due to growing regulatory and political pressure.
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