Shein Plans Hong Kong IPO Amid Valuation Challenges

Fashion retailer Shein is gearing up for its stock market debut in Hong Kong on August 28, following previous considerations for listings in New York and London. Founded in China in 2012 and now based in Singapore, Shein faces valuation concerns with an expected range of $30 billion to $40 billion, down from the $100 billion valuation in 2022.…

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