Valuation CRASH: Shein’s Hong Kong Gamble

Brew Markets — How a Live-Shopping App Doubled Its Valuation to $20B in 9 Months

Episode 261: Today, Hanna and Dylan delve into the FTC’s lawsuit against Amazon, which accuses the retail giant of running a “secret ad surcharge scheme.” Then, they discuss Shein’s IPO and why the fast-fashion retailer, once valued at $100 billion, went public at just a quarter of that valuation. Also, we examine the rise of the live-shopping economy, which has helped companies like Whatnot double their valuations in less than a year. Finally, …

Shein IPO Disappoints Amid Growth Concerns in Hong Kong Debut

Fashion retailer Shein faced a lackluster market debut in Hong Kong, reflecting investor worries over slowing growth, higher costs, and challenges in its international expansion. The IPO, which raised $1.7 billion, resulted in a market capitalization of around $26 billion for the Singapore-based company, marking a significant drop from its peak valuation of nearly $100 billion during the COVID boom of 2022. Investors' concerns were exacerbated b…

Valuation CRASH: Shein’s Hong Kong Gamble

Shein’s Hong Kong stock debut set the fast-fashion giant’s value around the mid-$20 billions after raising roughly $1.7 billion, capping a years-long, bumpy path to public markets. Story Highlights Shein priced its Hong Kong offering near the midpoint to raise about $1.7 billion. The deal implies a valuation around $26 billion to $27 billion at listing. The company shifted to Hong Kong after stalling in New York and London. Investor orders repo…