Ultra-fast fashion giant Shein is now public, following several years of false starts. It’s been a rocky road to an IPO for Shein, whose valuation has steadily declined for several years amid geopolitical headwinds. 2 billion, sinking to $66 billion at the time of its most recent funding round in May 2023. And most recently, ahead of the IPO, the company was targeting a valuation of $27 billion, after pricing 280 billion shares between HK$47. Since announcing itsintention to go publicat the end of 2023, the company has faced continuous setbacks.