Painful blow from the United States: Shein finds itself in a difficult position before its stock market listing.
One of the leading fast fashion online retailers, Shein, is aiming to launch its initial public offering (IPO) on the Hong Kong stock exchange in mid-August, targeting a valuation of 30–40 billion dollars, which is lower than its previous valuation. The company is facing a difficult situation after the removal of US tariff exemptions, which has led to slower growth and declining profitability.
One of the leading fast fashion online retailers, Shein, is aiming to launch its initial public offering (IPO) on the Hong Kong stock exchange in mid-August, targeting a valuation of 30-40 billion dollars, which is lower than its previous valuation. The company is in a difficult position after the removal of US tariff exemptions, which has led to slower growth and declining profitability.
