From $100B to roughly $26.5B. 👀
Shein is reportedly pricing its Hong Kong IPO at HK$48.56 per share, close to the middle of its HK$47.60–HK$49.50 range.
The valuation reset shows how dramatically investor expectations have changed.
$BTC $ETH #SheinReportedlySetsHKIPOPriceAboutHK$48.56