economy·
Global Market: Shein valuation falls 70% from peak as Hong Kong IPO targets $1.77 billion
Shein launched its Hong Kong IPO at a valuation of up to $27 billion, around 70% below its 2022 peak, as slowing growth, rising costs and regulatory pressures weigh on investor sentiment.
Shein launched its Hong Kong IPO at a valuation of up to $27 billion, around 70% below its 2022 peak, as slowing growth, rising costs and regulatory pressures weigh on investor sentiment.
Read original at The Times of India