Quartz·1 min read·easy
Shein's Hong Kong IPO valuation has plunged to a quarter of its 2022 peak
✦AI Summary
Fast-fashion giant Shein is seeing its valuation drop significantly as it prepares for a potential Hong Kong IPO. The company's expected listing price has fallen well below its 2022 peak of $30–$40 billion.
The fast-fashion retailer's expected listing price has dropped below the $30–$40 billion range it was targeting earlier this month
businesseconomy
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