Key facts
- Shein, the fast-fashion giant, is set to begin trading on the Hong Kong Stock Exchange.
- The company's initial public offering (IPO) valuation is expected to be lower than previously targeted.
- The IPO comes as Shein faces headwinds that are straining its business model.
Shein, the fast-fashion giant, is poised to make its public debut on the Hong Kong Stock Exchange, commencing trading on Tuesday. However, the company's IPO valuation is anticipated to be considerably lower than its earlier aspirations, reflecting the challenges and headwinds that are currently straining its business model. The decision to list in Hong Kong rather than its initially preferred location underscores the evolving landscape for the company.