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Bloomberg ·

Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst opening weeks after a major Hong Kong listing

Shein Global Holdings Ltd. has lost about $5 billion in market value since its initial public offering as it finished one of the worst opening weeks …

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In this story Shein
Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst opening weeks after a major Hong Kong listing

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Bloomberg — Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst opening weeks after a major Hong Kong listing ↗

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Sep 7Sep 9

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Bloomberg: Shein raised $1.7B in its Hong Kong IPO, giving it a $26B market cap, far below its ~$100B valuation in 2022, as growth slows amid tariffs and competition
The Information: Shein ends flat at ~$6.20 per share on its first day of trading on the Hong Kong stock exchange, giving it a $26B market cap after raising $1.7B in its IPO
New York Times: Following abandoned IPO attempts in NYC and London, Shein is struggling to grow as it nears a Hong Kong listing at a fraction of its peak valuation of $100B
Reuters: Singapore-based Shein is aiming to hit a ~$25B valuation in its Hong Kong IPO, down from its $30B-$40B goal earlier in August after investor meetings
Reuters: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising $1.73B and valuing it at ~$26.5B

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