53 Days
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EL PAÍS
Shein cotizará por debajo de 23 mil millones
Shein inaugurated its status as a publicly traded company with a valuation of approximately 22.65 billion euros, selling shares at a final price of 5.34 euros each on the Hong Kong Stock Exchange. The company's market value has declined over 77% since its peak valuation in 2022, reflecting its lower-than-expected share price and weaker financial performance. Despite raising nearly 1.5 billion euros from the sale of around 280 million shares, Shein’s low profitability margins and recent losses have contributed to its subdued market position compared to major global textile firms. The company faces potential fines and regulatory scrutiny in the US and Europe related to legal and transparency issues.
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