Shein shares plunge on grey market ahead of Hong Kong debut
Businesstimes News·
Fast-fashion retailer Shein shares fall at least 10% in pre-debut trading
CNA·- Online fast-fashion retailer Shein experienced a drop of more than 10 % in gray-market trading ahead of its Hong Kong Stock Exchange debut. - The company previously raised 1.7 billion USD at HK$48.56 per share, securing a valuation of approximately 26.5 billion USD. - The downward price movement was recorded across major Hong Kong brokerages shortly after gray-market trading commenced.