Shein will Ende August in Hongkong an die Börse. Doch Investoren zeigen sich misstrauisch gegenüber der hohen Bewertung: Das Wachstum schwächelt, Zölle belasten das Billigmodell – und der Konkurrent Temu macht Druck.

Shein is pitching its Hong Kong IPO at a valuation below $30 billion, down from nearly $100 billion in 2022, as tariff headwinds and slowing

Singapore-based company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week.

Sheins upcoming IPO faces skepticism from investors due to a notable decline in growth rates. The fast-fashion giant is grappling with rising costs and evolving market dynamics…