Shein valued at $26 billion after long-awaited stock market debut
Shein's initial public offering (IPO) in Hong Kong has resulted in a valuation of $26 billion, significantly down from its previous peak of $100 billion. The listing comes after years of attempts to enter markets in New York and London, which faced regulatory challenges. Despite the lower valuation, Shein aims to expand its brand through acquisitions and partnerships while navigating geopolitical and reputational risks.
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Shein valued at $26bn after long-awaited stock market debut
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.
Shein Makes Ho-Hum Market Debut After Years of Geopolitical Drama
Once valued at $100 billion, the fast-fashion company now has a $26 billion market capitalization following its listing in Hong Kong.
Shein Had 4.4 Billion Reasons to Speed Its IPO Along
The company’s initial public offering in Hong Kong this week allowed it to avoid paying out billions to early investors.
Shein CEO’s Wealth Slumps $15 Billion After Whittled-Down IPO
Chinese fast-fashion business Shein Global Holdings Ltd. was once worth more than the parent companies of H M and Zara, giving its reclusive boss Sky Xu a net worth of more than $23 billion.
Shein’s $100 Billion Valuation Falls to $26 Billion
Shein is heading toward a Hong Kong listing at a valuation of about $26.5 billion, roughly a quarter of its 2022 peak, after earlier efforts to list in New York and London ran into regulatory hurdles. Bloomberg News Consumer Finance Reporter Lisa Du is on Bloomberg This Weekend with hosts Christina Ruffini and Bailey Lipschultz and says the fast-fashion giant is pitching investors on expanding beyond its core brand by acquiring or partnering with other labels, even as geopolitical, regulatory and reputational risks weigh on its growth story. (Source: Bloomberg)