TechNew York Times1h ago
Following abandoned IPO attempts in NYC and London, Shein is struggling
Following abandoned IPO attempts in NYC and London, Shein is struggling to grow as it nears a Hong Kong listing at a fraction of its peak valuation of $100B
TL;DRShein's failed US/UK IPO attempts now lead to Hong Kong listing at much lower valuation.
Why it matters: Shows how regulatory headwinds and geopolitical tensions reshape where companies can go public.
Facing pressure in the United States and Europe, Shein is struggling to find new ways to grow ahead of its much-delayed initial public offering.
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