Shein Shares Drop 10% in Hong Kong Debut After Rocky Road to IPO
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Shein Global Holdings Ltd. struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play.
Summary
Shein Global Holdings Ltd. struggled in its Hong Kong debut after a years-long process to an initial public offering that eventually valued the company at a fraction of what it was once worth and still left investors questioning its value as consumer play.