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Shein shares plunge 28% in grey market ahead of Hong Kong debut

By PulseAugur Editorial · [1 sources] ·

Shein's shares experienced a significant drop of up to 28% in pre-listing trading ahead of its debut on the Hong Kong Stock Exchange. This decline reflects ongoing investor concerns about the fast-fashion retailer's valuation. The company raised approximately US$1.7 billion by selling shares at HK$48.56 each, valuing Shein at just over US$26 billion, a substantial decrease from its peak valuation of nearly US$100 billion in 2022. AI

RANK_REASON Significant funding round and market debut for a major company. [lever_c_demoted from significant: ic=1 ai=0.0]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Shein shares plunge 28% in grey market ahead of Hong Kong debut

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Research
Significant funding round and market debut for a major company. [lever_c_demoted from significant: ic=1 ai=0.0]
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Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
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funding, product
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Low
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Zoe SL Chan ·

    Shein shares plunge up to 28% in grey market ahead of Hong Kong debut

    Shein Global Holdings shares plunged in the grey market day ahead of its Hong Kong debut, further shaking market confidence in the company’s valuation. On Monday evening its shares closed 13.1 per cent lower at HK$42.2 after dropping as much as 28 per cent, according to Futu Hold…

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