Fast-fashion retailer Shein shares fall more than 10% in pre-debut trading
- On Tuesday, fast fashion giant Shein debuts on the Hong Kong Stock Exchange, raising $1.7 billion and valuing the company at about $26.5 billion.
- Regulatory pressure from the US and Europe—including removal of 'de minimis' duty exemptions—undermined Shein's business model, leading to a $99 million loss in the first quarter of 2026.
- Shein's valuation has dropped to roughly one-quarter of its nearly $100 billion peak from a 2022 private fundraising, reflecting sharp investor concerns about the business model.
- Shares slumped more than 10% in gray-market trading on Monday, with major Hong Kong brokers Futu Securities, Bright Smart, and Phillip Securities reporting the decline within minutes.
- Bevis Ho, senior analyst at Futu Securities, noted "caution among both retail and institutional investors," citing greater potential in AI and robotics themes than fast fashion.
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The fast fashion giant arrives at the Hong Kong Stock Exchange with a value of about 22,850 million euros.
Fast-fashion retailer Shein shares fall at least 10% in pre-debut trading
HONG KONG, Aug 31 (Reuters) - Shares of online fast-fashion retailer Shein dropped more than 10% in gray-market trading on Monday ahead of its Hong Kong Stock Exchange debut on Tuesday. The company raised $1.7 billion at HK$48.56 a share, val...
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PressNewsAgencyFast-fashion retailer Shein shares fall more than 10% in pre-debut trading
HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein slumped more than 10 per cent in gray-market trading on Monday, one day ahead of its Hong Kong Stock Exchange debut.The company raised $1.7 billion at HK$48.56 a share, valuing it at about $26.5 billion, according to sources who declined to be i
The Chinese fast fashion company will give the jump to the Hong Kong Stock Exchange with a rating of 73% below its 2022 peak after three years of frustrated attempts to debut in New York and London
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