Shein’s $1.74 Billion Hong Kong IPO Gets Off to a Rough Start as Shares Plunge 10% — Analyst Doubts Near-Term US Listing
Shein loses nearly $75 billion from its peak valuation as shares plunge 10% in Hong Kong, raising fresh doubts over its U.S. listing.
Shein sold shares on the Hong Kong stock market, but the price dropped 10% right away, meaning fewer people wanted to buy at that price. When a new stock starts off weak like this, it can tell you the company might be facing challenges that make investors nervous.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.