Shein Stock Drops 8% in Hong Kong Debut After $1.74B IPO

SHEIN shares fell 8% on their first day of trading in Hong Kong on September 1, following an initial public offering that raised about HK$13.6 billion ($1.74 billion). Reuters, via MarketScreener, reported that investor concerns over tariffs, regulation and slowing growth weighed on the long-awaited debut.

SHEIN falls 8% on first HKEX trading day

The decline came as SHEIN Global Holdings Limited began trading on the Hong Kong Stock Exchange under stock code 625. HKEX had confirmed ahead of the listing that the company would make its market debut on September 1.

The first-day performance put an immediate dent in the milestone listing. The reported concerns centred on tariffs, regulation and slower growth, rather than the size of the offering itself.

HK$13.6 billion IPO values SHEIN at $26.5 billion

SHEIN priced its Hong Kong IPO at HK$48.56 a share, raising approximately HK$13.6 billion ($1.74 billion) and valuing the company at about $26.5 billion, according to The Straits Times. Shares moved lower in their Hong Kong trading debut.

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