Shein fails to shine in Hong Kong IPO

After undertaking an odyssey of its own on its way to market, Chinese fast-fashion giant Shein failed to shine in its long-awaited Hong Kong IPO. The shares closed flat at HK$48.50, after sliding as much as 10% intraday, valuing the business at $26.3 billion. Shein fails to shine That valuation is a long way short … Continue reading Shein fails to shine in Hong Kong IPO