Shein shares fall on Hong Kong debut as parcel duties and Iran costs bite
Shein has listed in Hong Kong after failed attempts in New York and London, as US tariffs and rising shipping costs squeeze the fast-fashion giant’s profits.
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Tag: Shein
Shein launches IPO at a sharply lower valuation — and Europe is central to its success
Shein is seeking a valuation of up to approximately $27 billion (€23.1bn) in its September flotation on the Hong Kong Stock Exchange, far below its reported peak of $100 billion in 2022. Europe is a key market, but new customs rules and regulatory scrutiny threaten its low-cost model.
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