Online fashion platform Shein finally went public, putting an end to a long wait that had been dragging on for several years. The company, based in China, managed to list on a stock market, although the article does not mention exactly which one.
The company's current value represents a significant drop compared to its recent past. Shein's market capitalization is now 73% lower than the value the company reached in 2022, reflecting a sharp devaluation since its peak.
The stock market listing comes after multiple failed attempts to list on international markets. Initially, the company tried to sell shares in New York, but that plan did not materialize. Later, it tried the same process again in London, where it also faced obstacles.
The London case ultimately failed due to intervention by Chinese regulators, who made the final decision to block the operation in that market. This intervention by Chinese authorities significantly constrained the company's stock market expansion strategy.
