Shein Plunges 10% on Hong Kong Debut, Valuation Slumps to $26B From $66B Peak
Shein shares plunged 10% on their Hong Kong debut, falling to HK$43.72 from an IPO price of HK$48.56, valuing the company at roughly $26.3 billion.
Key points
- Shein IPO fell 10% on HK debut to HK$43.72, valuing firm at $26B vs $66B in 2022 private round.
- US import duty changes on de minimis packages are the main structural risk to Shein’s model.
- Zara and H&M parent Inditex benefit from regulatory pressure on Asian low-cost fast-fashion rivals.
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Read the full analysis on market.news
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