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Shein Share Price: Shares Close Flat After Rocky Hong Kong Debut
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Shein’s shares closed nearly flat at HK$48.50 in Hong Kong on Monday, barely below their HK$48.56 IPO price, after an early slide of up to 10% during trading. The debut caps years of failed attempts to list in New York and London, finally landing the fast-fashion giant a $26.3 billion valuation, a steep drop from its $100 billion peak in 2022. Tariff changes in the US and Europe have squeezed the business behind Shein’s famous $5 tops and $10 dresses. Founder Sky Xu made a surprise appearance at the ceremony but stayed silent, while CFO Leigh Gui pledged continued innovation with supply chain partners.
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