Can cut-price Shein shine in its long-awaited stock market debut?
Fast-fashion retailer Shein has launched its stock market debut in Hong Kong with a valuation of $26.3 billion. The listing follows previous failed attempts and comes amid intense scrutiny regarding the company's labor practices and environmental impact.
Why it matters
Shein's IPO is a major test of investor appetite for the fast-fashion sector, which is currently facing regulatory and ethical challenges globally.
Image source, Getty Images for SHEIN By Osmond Chia Business reporter Published 21 minutes ago Fast-fashion giant Shein is set to make its highly anticipated stock market debut on Tuesday as it lists in Hong Kong after a years-long quest to go public.
It comes after failed attempts to list in the US and UK, as concerns were raised over issues including the firm's labour practices and its environmental impact.
Once estimated to be worth nearly $100bn (£74bn), Shein is now valued at around a quarter of that figure, as the firm faces other issues like increased competition and global trade tensions.
Shein has grown hugely popular , especially with younger customers, due to its ability to source the very latest fashions at ultra-low prices through a vast network of factories in China .
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