Shein IPO: Hong Kong Listing and Valuation in Focus

Shein Group Ltd. drew attention during the Covid-19 pandemic with a social media campaign for ultra-cheap clothing, including $5 floral halternecks and $10 pajamas, according to Bloomberg. The online retailer’s sales more than tripled in 2020 as shoppers stuck at home spent more time online, helping propel Shein into the ranks of the world’s biggest fast-fashion companies.