Shein’s $3.5B IPO Gap Hits Investor Pockets

Fast-fashion retailer Shein will hand up to $3.5 billion in cash and shares to select pre-IPO investors to compensate for a valuation that has collapsed from a peak of $98.2 billion to as little as $27 billion at its Hong Kong listing price range. The payout – nearly double the up to $1.77 billion Shein […]