Shein Hong Kong Debut
9 articles from 8 countries
Shein shares fall about 10% in Hong Kong after the company raises $1.7 billion through its initial public offering. The listing values Shein at about $26.3 billion, while coverage from Germany, Switzerland and Denmark also reports a weak debut.
Shein disappoints in Hong Kong stock market debut
Shein’s long-awaited stock market debut in Hong Kong failed to impress investors. Shares fell as much as 8%, putting the online fashion retailer’s valuation at roughly $24 billion. The weak opening reflects concerns that have followed the company for years. Problems that delayed the listing have also weakened some of Shein’s competitive advantages, while new tariffs and fees in the United States a…
Shein shares plunge 10% in Hong Kong debut after $1.7 billion IPO
Shein’s long-awaited Hong Kong debut began with a sharp fall, as shares dropped 10% from the fast-fashion retailer’s listing price. The company raised $1.7 billion, but its market valuation stood at a…
Shein Shares Fall Sharply at Hong Kong Debut
Shein’s long-awaited stock market debut opened with a sharp decline in Hong Kong. Shares fell as much as 8% in early trading, despite the online fashion platform raising up to 1.5 billion euros throug…
Shein Shares Plunge More Than 9% in Hong Kong Debut
Shein’s long-awaited Hong Kong debut began with a sharp fall. Shares of the online fast-fashion company traded at HK$40, down more than 9% from the HK$48.56 offer price. The listing raised about €1.46…
Shein makes a weak debut on Hong Kong stock market
Shein’s Hong Kong stock-market debut began with a sharp fall, extending a decline that has reduced the fast-fashion company’s value from almost $100 billion at its 2022 peak. The Chinese online retail…
Shein Shares Slide 10% in Long-Awaited Hong Kong Trading Debut
Shein’s long-awaited Hong Kong debut began with a sharp fall, as investors priced the fast-fashion retailer well below the heights it reached two years ago. The stock opened at HK$48.56, matching its …
Can Cut-Price Shein Shine in Its Long-Awaited Stock Market Debut?
Shein’s long-awaited arrival on the stock market comes in Hong Kong rather than New York or London, and at a valuation far below the one the fast-fashion company once commanded. The company raised 13.…
Shein valued at $26.3 billion after Hong Kong listing
Shein has made its long-awaited stock-market debut in Hong Kong with a valuation of about $26.3 billion, far below the $98.2 billion value it reached in private funding rounds in 2022. The fast-fashio…
Shein Shares Slide 10% in Hong Kong Debut, Valuation Falls Far Below 2022 Peak
Shein’s long-awaited arrival on the Hong Kong stock market began with a sharp setback. Shares in the fast-fashion retailer fell 10% on Tuesday, dropping as low as HK$43.72 against a listing price of H…
