The fast-fashion retailer priced its IPO at HK$48.56 a share, raising $1.7 billion at a valuation of about $26.5 billion

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

Shein will go to market at its cut-price IPO later this week, as the fast-fashion giant’s rapid rise begins to slow.