AIFortuneabout 3 hours ago
Shein CEO wealth drops $15B in IPO
3 min read
Shein Global Holdings Ltd. will list in Hong Kong at just over a quarter of its $100 billion 2022 valuation. CEO Sky Xu's 30% stake drops his net worth from over $23 billion to about $8 billion, a $15 billion decline amid tariffs and competition.
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