TechBloomberg1h ago
Shein raised $1.7B in its Hong Kong IPO, giving it a $26B market cap
Shein raised $1.7B in its Hong Kong IPO, giving it a $26B market cap, far below its ~$100B valuation in 2022, as growth slows amid tariffs and competition
TL;DRShein's Hong Kong IPO valued it at $26B, down sharply from its $100B 2022 peak.
Why it matters: Shows how tariffs and competition are eroding fast-fashion unicorns' once-stratospheric valuations and growth trajectories.
Shein Global Holdings Ltd. completed its initial public offering at a valuation that's a fraction of what the company was once worth.
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