Business · 7 hours ago
Shein IPO valued 70% lower after supply chain and chemical concerns
Shein's stock market valuation dropped significantly, with its Hong Kong debut reaching about $27 billion. The valuation is 70% below its 2022 high point in the private market, which was close to $100 billion. Investors now see environmental, social, and governance (ESG) issues, including hazardous chemicals and poor labour conditions, as major financial risks for the ultra-fast fashion giant.
Reported by Euronews.com · How we write briefs