Economy · World
Shein IPO Valued Lower Than Previous Peaks Amid Growth Concerns
Fast-fashion retailer Shein is preparing for its Hong Kong IPO, with its valuation significantly reduced from its 2022 peak. The company was valued at $26 billion, a fraction of the $100 billion it reached two years prior. This lower valuation comes amid ongoing unease about Shein's growth outlook. The IPO is scheduled to debut on Tuesday.
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