Shein Shares Fall 10% in Subdued Hong Kong Stock Market Debut
Fast-fashion retailer Shein made its long-awaited stock market debut in Hong Kong, but shares dropped approximately 10% amid a valuation reset and subdued investor demand. The listing marks the company's first major move to publicly trade its shares.
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Fast-fashion retailer Shein's shares dive 10% after subdued Hong Kong IPO
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On its debut, Shein is valued well below its 2022 peak of nearly US$100 billion.
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