Shein Grey Market Shares Drop to HK$40 Before Hong Kong IPO Debut
Shein grey-market shares fell to as low as HK$40.04, versus the IPO price of HK$48.56
Key points
- Shein grey-market shares fell to as low as HK$40.04, versus the IPO price of HK$
- The 17% grey-market discount signals weaker-than-expected demand for the $1.7 bi
- Pressure on grey-market pricing typically foreshadows first-day volatility when
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