17 Hrs
Source:
الاقتصادية
Shein valuated below $30 billion
Shin's company is seeking to list its shares on the Hong Kong stock market with a valuation of less than $30 billion, a decrease of nearly 70% from its previous valuation of over $100 billion following its funding round in 2022. This move comes after failed attempts to go public in New York and London due to political opposition and supply chain scrutiny. The company, which has reported quarterly losses and faces challenges such as rising shipping costs and the impact of trade tensions, expects to attract investor valuations ranging from mid to late twenties billion dollars, with the possibility of returning to its current investors before proceeding with the offering.
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