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Shein debuts in Hong Kong at $26bn valuation, shares slide 10%
Guardian WorldLO·HK · CN · SG·2 days ago
Shein's Hong Kong IPO raised $1.7 billion but shares fell 10% on debut, signaling weak investor appetite. The drop suggests concerns over valuation, regulatory risks, or competitive pressures. This may reflect broader sentiment toward Chinese listings and fast-fashion sector.