Shein’s long-awaited public listing has delivered a stark valuation reset for some of the private investors that backed the fast-fashion retailer during its rapid expansion, according to a report by Bloomberg.
The company raised $1.7bn in its Hong Kong IPO after years of considering potential listings in London and New York. However, its market value at listing was around 73% below the approximately $98bn valuation it reached in early 2022.
That decline means a number of investors that backed Sh...
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