Shein valued at $26bn after long-awaited stock market debut
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.
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Ultra-fast-fashion brand Shein successfully debuted on the Hong Kong stock market, achieving a valuation of approximately $26.3 billion. The company faced significant obstacles, including supply chain concerns, environmental criticism, and allegations of forced labor, which prevented successful listings in the US and UK. Despite initial share price volatility, Shein closed near its listing price, marking the largest new share sale in Hong Kong this year. However, analysts caution that the company now faces increased regulatory scrutiny, higher costs, and intense competition, which may eventually lead to higher prices for consumers.