Shein shares fall 9% in Hong Kong market debut
Shein shares (HK: 0625) dropped 9% in their Hong Kong market debut on September 1. The IPO drew tepid investor demand and valued the fast-fashion retailer below expectations.
Shares of online clothing retailer Shein (HK: 0625) fell 9% in their Hong Kong market debut on September 1.The initial public offering (IPO) of Shein saw tepid demand from investors, with the fast-fashion company’s valuation coming in much lower than anticipated.Singapore-based Shein sold 280 milli…