Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
After four years of false starts, regulatory hurdles and aborted listing plans in the US and London, Shein is finally on the cusp of going public after receiving regulatory approval from Chinese authorities this week for a Hong Kong listing that could take place as early as next month. Now the company faces a different problem: convincing investors it deserves a blockbuster valuation.
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