Shein’s IPO Plans Value It at About $27 Billion. That’s Shockingly Low
THE SO WHAT
A drop to roughly 25% of peak valuation says public markets are repricing fast-fashion platform risk—supply chain opacity, regulatory overhang, and customer fickleness are now directly in the discount rate. If your growth story leans on arbitrage (labor, data, or regulation), assume that multiple compresses hard when you hit public scrutiny.
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