Shein Shares Drop 10 Percent in Hong Kong Stock Market Debut
Fast-fashion retailer Shein saw its shares fall approximately 10 percent on its highly anticipated initial public offering in Hong Kong. The subdued market reception follows a recent downward adjustment in the company’s valuation ahead of the listing.
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Shein Shares Plunge in HK Debut After Rocky Road to IPO
Shein struggled in its Hong Kong debut, with shares falling as much as 10% to HK$43.72 in early trading before paring losses. Bloomberg's Winnie Hsu reports from the Hong Kong Stock Exchange. (Source: Bloomberg)
Read full article →Fast-fashion retailer Shein's shares dive 10% after subdued Hong Kong IPO
Read full article →Shein shares slide 10% in long-awaited Hong Kong trading debut
On its debut, Shein is valued well below its 2022 peak of nearly US$100 billion.
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