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Shares in Shein plunged by as much as 10% as trading got underway in its debut on Hong Kong stock exchange but later recovered to end the day flat.
“Zi,” the latest film from Kogonada, will have its Asian premiere at the Busan International Film Festival in the Icons section. Following the unveiling of the festival’s program, Atnine Film has been confirmed as the film’s Korean distributor. Shot over three weeks on the streets of Hong Kong, “Zi” stars Michelle Mao, Haley Lu Richardson […]...
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.
Fast-fashion giant Shein's shares fall after Hong Kong trading debut that spotlights its China roots
ABC News - 9 hours 17 min agoShares in fast-fashion online retail giant Shein have begun trading on Hong Kong's stock exchange after a long delay...
Shein finally made it to the trading floor in Hong Kong, and investors mostly shrugged. Shares of the online fast-fashion giant slipped as much as 10% in early trading on Tuesday, putting its value near $24 billion dramatically below the roughly $100 billion peak it once boasted in 2022, per...
Hong Kong flotation at $26bn by firm once valued at $100bn follows failure to list in US and UK Shares in the fast-fashion brand Shein slumped by as much as 10% as the China-founded company made its long-anticipated trading debut on the Hong Kong stock exchange. The Singapore-headquartered company, once valued at almost $100bn ( 74bn), went public on Tuesday pricing shares at HK$48.56, valuing the business at just over $26bn. Continue reading...
Known globally for selling $5 tops and $10 dresses, Shein was founded in China in 2012...
Shares in the business dropped by as much as 10% in early trading.
The Singapore-headquartered fashion giant's lackluster IPO gives it a market cap of $24 billion an almost 80% fall from the nearly $100 billion peak valuation reached after a 2022 funding round.
Shein made its Hong Kong market debut on Tuesday after years of attempts to go public.
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.
The firm's Hong Kong listing comes after a years-long quest to list in New York and London.
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