Shein finally hits the stock market, but is worth 70% less than at its peak: debut happens this Tuesday

The ultra-fast fashion platform Shein will finally debut on the stock market this Tuesday, in a highly anticipated moment for the market. The company is seeking a valuation close to 26 billion dollars, which represents approximately 22 billion euros, according to information released in recent days and cited by CNN and the South China Morning Post. This value represents a sharp drop compared to the company's peak, which was once worth 100 billion dollars, meaning a devaluation of about 70% compared to its glory days. This significant reduction in valuation reflects the difficulties and challenges the company has been facing in the market since then.