Chinese e-commerce giant Shein just went public, raising $1.7bn in an initial public offering at a valuation of $26bn.

Shein is set to go public in Hong Kong on Tuesday at just over a quarter of the $100 billion it was worth in 2022.

Shein completed its Hong Kong IPO at a $26.5B valuation, raising $1.7B. The price marks a 70% decline from its 2022 peak amid slowing growth and