Despite Lackluster IPO, Shein's Market Valuation Tops H&M's - WWD

Shein's pop-up in Paris Marais. Courtesy of Shein Share this article on Facebook Share this article on X Share this article on Google Preferred Share this article on Pin It Share this article on Flipboard Share this article on Tumblr Share this article on Reddit Share this article on LinkedIn Share this article on WhatsApp Share this article on Email Print this article Share this article on Talk Share this article on Facebook Share this article on X Share this article on Google Preferred Share this article on Pin It Share this article on Flipboard Share this article on Tumblr Share this article on Reddit Share this article on LinkedIn Share this article on WhatsApp Share this article on Email Print this article Share this article on Talk Think of it as the first day of the rest of Shein’s life. The ultra-fast-fashion giant went public in Hong Kong on Tuesday — and while its shares fell as much as 10 percent in their debut, they rebounded to close down just 0.1 percent at 48.50 Hong Kong dollars. At current exchange, that left Shein with a stock market valuation of $26.3 billion — not the $100 billion that was once envisioned for the company, but enough to make it a re​​al player in the global market for fashion stocks. Related Articles Sustainability France Takes Aim at Shein and Temu With New Fashion Fines Financial Shein's Hong Kong IPO Opens With a Reality Check Most fashion players struggle to break the $10 billion mark and enter the territory of established giants like off-pricer TJX Cos. Inc. ($146.7 billion) or companies leaning into a big growth curve like Tapestry Inc. ($24.4 billion). You May Also Like Shein managed to just nudge out its cheap-chic rival H&M, which trades in Stockholm and, at current exchange, has a market capitalization of $25.4 billion. That puts the newcomer just ahead of one of the fast-fashion OGs, although a pioneer in the space that’s still working to get back into fighting shape. Proof that more can be done with the fast-fashion model is in the market capitalization of Zara-parent Inditex, which totals $207.7 billion. A WWD study of the market capitalization of 12 fashion-focused companies around the world showed the importance of being either at the high-end of the market, like LVMH Moët Hennessy Louis Vuitton ($295 billion), or the low end, like off-pricer Ross Stores Inc. ($73.4 billion). While fashion has its share of brands in the middle of the market, there seems to be very little middle ground. Newsletters Sign up for WWD news straight to your inbox every day Sign up Ashlee Simpson Ross and Daughter to Front Justice Fall Campaign Fashion Scoops By Jean E. Palmieri A Masterclass in Eyeliner: Experts Share Tips for Women Over 40 Culture News By Kaleigh Werner Stacked Bobs and Silver Blends: The Biggest Fall Hair Trends for Women Over 50 Culture News By Kaleigh Werner Ferran Torres Talks World Cup and That Hat