MarketPR
A three-year push toward public markets has investors at fast-fashion retailer Shein asking whether the company missed the moment when its $40-billion-plus valuation was most defensible.
Beijing's regulatory blessing remains the key gating condition for any listing. The growth engine that supported that number is now showing signs of fading.
The regulatory delay and what it cost Three years is a long time for any company to hold a valuation in place.
For Shein, the wait has been specific: Beijing's approval is the condition the offering depends on, and investors are now questioning whether that clearance, when it comes, will arrive into a market willing to pay $40-billion-plus for a clothing retailer running at slower growth.
Keep reading