By John Liu, CNN Hong Kong (CNN) — Shein was the ultimate disruptor in fashion. By turning online trends into $11 jeans or $3 crop tops in a matter of days, the ultrafast fashion retailer overtook established companies such as Zara and H&M, prompting it to eye an IPO that would value the company at
By John Liu, CNN Hong Kong (CNN) — Shein was the ultimate disruptor in fashion. By turning online trends into $11 jeans or $3 crop tops in a matter of days, the ultrafast fashion retailer overtook established companies such as Zara and H&M, prompting it to eye an initial public offering that would v…
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.
After failed attempts to list its shares in New York and London, Shein Global Holdings has officially made its stock market debut ( 0625.HK )—though it wasn’t exactly a success. On Tuesday, September 1, the Chinese-founded fast-fashion company made its IPO on the Hong Kong Stock Exchange (HKSE) with…
