Shein prices its Hong Kong IPO at HK$48.56 per share, raising $1.7B at a $26B valuation, down over 70% from its 2022 peak of nearly $100 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

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