Shein’s Hong Kong debut highlights sharp valuation drop
Shein’s long-delayed Hong Kong debut comes at a valuation far below its peak. In its IPO, the company raised $1.7 billion and valued itself at $26.5 billion.
WASHINGTON (dpa-AFX) - Shein's long-delayed public listing has exposed the challenges facing the fast-fashion giant, with the company's Hong Kong debut coming at a valuation far below its peak.Shein raised $1.7 billion in its initial public offering, valuing the company at $26.5 billion, more than…