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50FINANCE

Shein shares fall 10% in Hong Kong trading debut

⚡ Markets: A negative indicator for the IPO market, particularly for Chinese consumer-facing companies. May impact investor sentiment towards similar listings.Shein

Shares of fast-fashion giant Shein fell as much as 10% in their Hong Kong stock market debut. The weak opening for the highly anticipated $1.7 billion IPO casts doubt on the company's valuation and reflects broader market jitters.

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