Investors looking to buy shares in Chinese online fashion retailer Shein in the secondary market are now placing bids that are about 30% below the $100 billion valuation the company had in its most recent funding round in April, Bloomberg reported. It’s unclear if any transactions took place at that price. But the lower bids come as the global economic slowdown and stock market rout over the...
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Shein’s $100 Billion Valuation Comes Under Pressure in Secondary Market
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Breaking Up SVB Is Hard to Do
With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third...
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