Shein Plunges In Hong Kong Debut As Growth Worries Mount
The Singapore-headquartered fashion giant’s lackluster IPO gives it a market cap of $24 billion–an almost 80% fall from the nearly $100 billion peak valuation reached after a 2022 funding round.
<p>The Singapore-headquartered fashion giant’s lackluster IPO gives it a market cap of $24 billion–an almost 80% fall from the nearly $100 billion peak valuation reached after a 2022 funding round.</p>