Shein Aims for $27bn Valuation in IPO

Shein plans to list on the Hong Kong Stock Exchange on 1 September at a valuation of nearly $27bn, down sharply from its $100bn private peak. The fast-fashion retailer also reported a $99m loss in the first quarter and faces mounting environmental scrutiny.

🐿️ Shein's IPO valuation collapse reveals that even a fast-fashion juggernaut cannot outrun market reality and growing ESG headwinds.