SHEIN's crypto contract plunges 17% as it prices its IPO

SHEIN was once the $100 billion darling of fast fashion, but its IPO reveals a company in freefall. With a valuation that has cratered by 75% and net margins that have officially turned negative, the business model is collapsing under the weight of rivals like Temu. Even crypto traders are betting on a disaster, with pre-listing contracts plunging 17%. Is SHEIN’s reign over, or is this massive discount the ultimate buying opportunity? What’s your take?
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