Rising tariffs and import fees weigh on Shein Hong Kong flotation

Shein is seeking to raise up to $1.77 billion in Hong Kong at a valuation of just $27bn, barely a quarter of its 2022 price tag, as tariffs in the US and Europe put its low-cost business model under growing pressure.  The fast-fashion group began taking orders on Monday for 280 million shares priced between HK$47.60 […]