Shein's Shaky IPO Bid Faces Lower Valuation as E commerce Crackdown Starts to Bite Shein's listing in Hong Kong is facing a significant challenge from investors wary of the company's slowing growth and the European Union's new e commerce fees.
The $40 50 billion valuation band touted by Shein may be a stretch, given current market conditions and internal numbers.
The company's revenue has indeed been impressive, reaching over $40 billion in 2023 and $37 billion in 2024. However, profit margins have come under pressure.