StartupsGizmodoabout 2 hours ago
Shein Loses $5 Billion in Value After Hong Kong IPO
1 min read
Shein's stock closed Monday down 19% from its IPO price of 48.56 Hong Kong dollars, cutting market value by about $5 billion to roughly $21 billion in five trading days. The company reported a $99 million first-quarter loss versus a $395 million profit a year earlier.
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