Hong Kong (AFP) - The shares of the fast fashion giant Shein fell by more than 9% when it was listed on the Hong Kong Stock Exchange on Tuesday, with its success in raising about $1.70 billion.

Published on: 01/09/2026 - 08:27

Shein hoped to raise about $1.74 billion from this IPO, to raise its value to more than $25.5 billion, that is, four times less than its value in 2022 (about one hundred billion dollars).

When announcing its listing on the stock exchange, Shein, which was founded in China in 2012 and is headquartered in Hong Kong, indicated its desire to offer 280 million shares at a price ranging between 47.60 and 49.50 Hong Kong dollars.

At 9.34 local time (1.34 GMT), Shein shares were trading at 40 Hong Kong dollars (5.10 US dollars), compared to the initial offering price of 48.56 dollars (6.19 US dollars).

The company explained that it intends to use the funds raised to finance its technological capabilities and enhance its international presence.

© 2026 AFP

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