Shein’s Hong Kong IPO Debut Ends Flat at $26.3 Billion

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Shein’s Hong Kong IPO Debut Ends Flat at $26.3 Billion

dealbreaker

2 hours ago

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Shein shares closed flat in its Hong Kong debut on Tuesday, recovering from an early 10% drop. The stock ended at HK$48.50, just under its IPO price of HK$48.56, valuing the company at about $26.3 billion, far below its 2022 peak of nearly $100 billion. The debut reflects investor caution over slowing growth, rising trade costs and regulatory scrutiny, including an FTC investigation and EU platform review. Shein has also lost ground from the end of U.S. and EU duty-free exemptions that once fuel...

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