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Shein shares fall 10% after Hong Kong trading debut spotlights China roots
Shares in fast-fashion online retail giant Shein lost around 10 per cent after it began trading on Hong Kong's stock market Tuesday, after a long delay in the company's plans to list its shares publicly. Shein raised about USD 1.7 billion, priced at 48.56 Hong Kong dollars (USD 6.19) a share, in its initial public offering in Hong Kong in one of the city's biggest new share sales this year. "Shein's Hong Kong listing marks a new starting point," said Leigh Gui, Shein's chief financial officer, …
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