Shein's 3-year IPO saga cost it the chance at a $40bn+ valuation

Fast-fashion giant Shein's three-year effort to go public cost it what insiders call the "golden time" for an IPO. Investors are questioning whether Beijing's approval can sustain a valuation above $40 billion as the company's growth is stalling. Bureaucratic hurdles and rising competition are seen as key factors weakening Shein's market position ahead of any listing.