TechBloomberg1h ago
Shein lost about $5B in market value since its IPO, dropping
Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst opening weeks after a major Hong Kong listing
TL;DRShein's Hong Kong IPO tanked, losing $5B in value during its first week.
Why it matters: Shows investor skepticism toward fast-fashion e-commerce and supply chain vulnerabilities in public markets.
Shein Global Holdings Ltd. has lost about $5 billion in market value since its initial public offering as it finished one of the worst opening weeks …
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