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SHEIN SHEDS $5B IN VALUE AFTER HONG KONG IPO

Shein Global Holdings lost approximately $5 billion in market value following its Hong Kong listing, dropping to roughly $21 billion. The fast-fashion retailer posted one of the worst opening weeks for a major IPO on the exchange.

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Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst opening weeks after a major Hong Kong listing (Bloomberg)

Bloomberg: Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst openin…

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