Shein’s shares fell during the company’s long-awaited stock market debut in Hong Kong on Tuesday, marking a significant step after years of efforts to sell shares in New York and London.
The Hong Kong listing represents the latest stage in Shein’s attempt to access public markets. The company had previously pursued listings in both the United States and the United Kingdom, but those plans did not lead to a completed stock market debut before the Hong Kong launch.
Shares came under pressure when trading began, although no further details on the scale of the fall were provided. The debut leaves Shein listed in Hong Kong after its extended search for a public market in which to offer its shares.
The latest known position is that Shein has begun trading in Hong Kong, with its shares falling on the first day of the listing.
