Fast-fashion giant Shein's shares fall as much as 10% in Hong Kong stock market debut

60FINANCE

Fast-fashion giant Shein's shares fall as much as 10% in Hong Kong stock market debut

⚡ Markets: A negative signal for the IPO market, particularly for Chinese-founded companies seeking to list. May cause other companies to delay or reconsider their public offerings.HKEX

Shares of the online fast-fashion retailer Shein fell sharply on their first day of trading in Hong Kong, dropping as much as 10%. The lackluster debut, which valued the company at $26 billion, follows a prolonged and difficult path to public listing after facing obstacles in New York and London.

West MSM 2Non-West Ind. 1Google West 3Non-West State 1Financial press 1Regional 29 countries

10 sources across the spectrum

Non-West Ind.Caixin — Shein’s Debut Falls Flat as Valuation Sinks From Peak

Google WestGoogle News (UK) — Shein shares fall in long-awaited stock market debut

West MSMBBC World — Shein valued at $26bn after long-awaited stock market debut

Non-West StateDaily Sabah — Shein shares slide as much as 10% in Hong Kong trading debut

West MSMThe Guardian — Shein shares slide on fast-fashion retailer’s stock market debut

Financial pressMarketWatch — Shein shares fall up to 10% after long-awaited trading debut

Google WestGoogle News (Germany) — Shein: Shoppingplattform rutscht beim Börsendebüt ins Minus

RegionalJapan Times — Shein shares plunge 10% in Hong Kong debut after rocky road to IPO

← Full brief