Shein abandons New York and London IPO plans for a Hong Kong listing at roughly $27 billion, down sharply from its $100 billion peak valuation in

Shein is expected to price its Hong Kong IPO near HK$48.56 per share, raising about $1.7 billion at a $26.5 billion valuation. The listing marks a major milestone after years of…

The IPO follows attempts over the past four years to list in New York and London. Read more at straitstimes.com. Read more at straitstimes.com.