Shein's Hong Kong IPO valued the company at $26B, down from $100B in 2022. Shares fell on debut as U.S. tariffs and slowing revenue growth weigh heavily.
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Shein saw its shares fall sharply below its offer price after the fast fashion giant made its long-awaited stock market debut.
What happened? For many Singapore investors, Hong Kong has always been known as a gateway to China's growth opportunities. Names like Tencent, Alibaba, Trip.com, XPeng and Pop Mart are often the first stop through stocks and ETFs. But investing in .. ...
Known globally for selling $5 tops and $10 dresses, Shein was founded in China in 2012 ...
Hong Kong flotation at $26bn by firm once valued at $100bn follows failure to list in US and UK ...