Shein CEO Sky Xu Loses $15 Billion Following Downscaled IPO Valuation

The founder of Chinese fast-fashion giant Shein saw his net worth plummet by $15 billion as the company's initial public offering was significantly scaled back.

30 Aug, 23:00 — 30 Aug, 23:00

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bloombergHigh2d ago

Shein CEO’s Wealth Slumps $15 Billion After Whittled-Down IPO

Chinese fast-fashion business Shein Global Holdings Ltd. was once worth more than the parent companies of H&M and Zara, giving its reclusive boss Sky Xu a net worth of more than $23 billion.

By Dave Sebastian and Pui Gwen Yeung

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Shein CEO Sky Xu Loses $15 Billion Following Downscaled IPO Valuation

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Shein CEO’s Wealth Slumps $15 Billion After Whittled-Down IPO

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