The long-awaited IPO put the company's valuation at around US$26.3 billion with its listing price of HK$48.56 well short of the nearly US$100 billion during private fundraising rounds in 2022.
Shein, known for its ultra-low prices and rapidly produced clothes, said proceeds from the sale would be used to finance its technological capabilities and boost its international presence.
Category: Fashion
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Fast-Fashion Giant Shein Plunges 10% On Hong Kong Debut
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Nigeria’s Trendy Handwoven Fabric Makers Push Back Against Automation
In Iseyin, a quiet town in southwestern Nigeria, shaded corners beneath trees, narrow alleys and makeshift sheds hum with life. These humble spaces double as workshops for *aso-oke*, a richly textured handwoven fabric indigenous to the Yoruba people. Demand for the fabric has surged both locally and internationally, driven by the diaspora and the global...