Shein just went public at about 25% of its peak valuation

Fast fashion behemoth Shein went public on Tuesday. Cheng Xin/Getty Images Shein went public on Tuesday at a fraction of its peak valuation. The company offered 280 million shares at the price of 48.56 Hong Kong dollars, or $6.19. Its valuation ahead of the IPO was $26.3 billion, down from its $100 billion private valuation in 2022. After months of delays, fast fashion behemoth Shein went public on Tuesday at a fraction of its peak valuation. On Monday, the Singapore-headquartered retailer…