Shein plans Hong Kong IPO at valuation $60bn below 2022 peak

Chinese fast-fashion giant Shein is preparing for an IPO on the Hong Kong stock exchange. The company's valuation is expected to be up to $60 billion lower than its 2022 peak of around $100 billion. The listing will test whether Shein's ultra-fast online fashion model still appeals to investors amid tougher regulatory and economic conditions.