Shein shares fall in long-awaited stock market debut

Live updates

1. 13d ago

   Shein shares drop following Hong Kong IPO

   Shein listed on the Hong Kong Stock Exchange on September 1, raising approximately $1.7 billion. Shares fell as much as 10% during the debut, though some reports cite a 5% decline. The company entered the market at a $26.5 billion valuation, priced at HK$48.56 ($6.19) per share. Investors are currently questioning the retailer's growth prospects, profitability, and increasing costs.

   Why it matters

   The company previously held a peak valuation of $100 billion. This listing followed a long delay in Shein's plans to go public. The debut has drawn attention to the retailer's connections to China.

   What is confirmed

   • Shein raised approximately $1.7 billion in its Hong Kong IPO.
   • The company listed on the Hong Kong Stock Exchange on September 1.
   • Shein shares fell as much as 10% after trading began.

   Still unconfirmed

   • Investors are questioning growth, profits, and rising costs.
   • Shein shares fell 5% in Hong Kong.

   What to watch next

   • Future share price stabilization or further declines
   • Company reports on profitability and cost management
   Sources used for this update (4)

   1. www.ibtimes.sg — Why Did Shein's Valuation Fall From $100 Billion to $26.5 Billion? Hong Kong IPO Explained
   2. www.courant.com — Fast-fashion giant Shein’s shares fall after Hong Kong trading debut that spotlights its China roots
   3. www.businessoutreach.in — Shein Shares Fall 5% as Investors Question Growth After $1.7 Billion IPO
   4. finance.yahoo.com — Latest News - Yahoo Finance
   confidence 90%
2. 14d ago

   Shein shares fall in Hong Kong market debut

   Shein, a fast-fashion online retailer, saw its shares decline in its highly anticipated Hong Kong stock market debut. The company's valuation was reported at around $26 billion, significantly lower than its peak valuation. Shares fell as much as 10% before recouping some ground.

   Why it matters

   Shein's initial public offering (IPO) was long-awaited and closely watched. The company's growth model and China roots have raised concerns among investors. This debut comes at a time when the fast-fashion industry is under scrutiny for its environmental and social impact.

   What is confirmed

   • Shein's shares fell in its Hong Kong market debut.
   • The company's valuation was reported at around $26 billion.
   • Shares fell as much as 10% before recouping some ground.
   • Shein's private backers endured a 73% valuation drop on IPO.

   What to watch next

   • Shein's future growth and profitability
   • Investor reaction to the company's China roots
   • The impact of the IPO on the fast-fashion industry
   Sources used for this update (19)

   1. CNN — Shein’s dressed for its long-awaited market debut in Hong Kong. But the party may be over
   2. BBC — Can cut-price Shein shine in its long-awaited stock market debut?
   3. The New York Times — Shein’s Lackluster Debut Shows a Fast-Fashion Model Left Behind
   4. Reuters — Shein listing live: Online fashion giant's shares slump in Hong Kong after long-awaited IPO
   5. Click2Houston — Fast-fashion giant Shein's shares fall after Hong Kong trading debut that spotlights its China roots
   6. Bloomberg.com — Shein’s Private Backers Endured 73% Valuation Drop on IPO
   7. Forbes — Shein Plunges In Hong Kong Debut As Growth Worries Mount
   8. The Business of Fashion — Shein Shares Fall 10% in Market Debut Before Recouping Ground
   9. The Guardian — Shein shares slide on fast-fashion retailer’s stock market debut
   10. Business Insider — Shein Just Went Public at About 25% of Its Peak Valuation
   11. Reuters — Breakingviews - COMMENTARY: Shein’s humbling IPO presages more pain
   12. Bloomberg.com — Shein’s Debut Shows the Cost of IPO Missing Its Growth Peak
   confidence 85%