Fast-fashion giant Shein's shares fall after Hong Kong trading debut that spotlights its China roots

Facebook Twitter Bluesky WhatsApp LinkedIn SMS Email Share articles with friends — on us! As a subscriber, you can share up to 3 articles each month with friends for free. Just click “Gift this Article” on this page, then copy the link or enter their email. Gifts are exclusive to subscribers, reset monthly, and each article can be redeemed once. Facebook Twitter Bluesky WhatsApp LinkedIn SMS Email Print Copy article link Save Gift this article New subscriber benefit! Copied to clipboard Out of gifts for the month Unfortunately you've used all of your gifts this month. Your counter will reset on the first day of next month. Share this article paywall-free Email Copy Link Shares in fast-fashion online retail giant Shein fell as much as 10% after they began trading on Hong Kong's stock market Tuesday, after a long delay in the company's plans to list its shares publicly. Shein raised about $1.7 billion, priced at HK$48.56 ($6.19) a share, in its initial public offering in Hong Kong in one of the city's biggest new share sales this year. "Shein's Hong Kong listing marks a new starting point," said Leigh Gui, Shein's chief financial officer, in a short speech at its listing ceremony. kAmx? 62C=J EC25:?8[ E96 D92C6D 76== E@ 36=@H wzScc 367@C6 =@DD6D ?2CC@H65 =2E6C :? E96 52J] xE 4=@D65 ?62C=J F?492?865 2E wzScg]d_]k^Am kAm$96:?VD 2AA62= E@ 4FDE@>6CD 92D 366? 3F:=E @? F=EC2\72DE[ 277@C523=6 72D9:@?[ 56=:G6C65 7C@> r9:?2 E@ E96 (6DE :? ;FDE 52JD] %96 6?5 @7 Q56 >:?:>:DQ E2C:77 6I6>AE:@?D :? E96 &]$] 2?5 E96 tFC@A62? &?:@? 92D C2:D65 5FE:6D 7@C =@H G2=F6 A2C46=D 7C@> r9:?2[ :?4=F5:?8 $96:?VD AC@5F4ED] w:896C =@8:DE:4D 4@DED A2CE=J 5F6 E@ E96 H2C :? xC2? 2=D@ 92G6 DBF66K65 E96 4@>A2?JVD =@H\AC:46 3FD:?6DD >@56= 2?5 AC@7:E23:=:EJ]k^Am kAm%2C:77 4@DED 92G6 7@C465 $96:? 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Sc_ 3:==:@?] p?5 E96C6 :D 2 324<=@8 @7 4@>A2?:6D D66<:?8 E@ =:DE E96C6[ D2:5 {@CC2:?6 %2? 2E :?G6DE>6?E C6D62C49 7:C> |@C?:?8DE2C]k^Am Copy article link Sign up for our newsletters Trending 5 killed in Highway 2/97 crash north of East Wenatchee Mexico man dies in 3-car crash outside Cashmere Authorities arrest Kent man in connection to Chelan Hills Fire WSP investigating fatal crash outside Leavenworth ‘The smell of destruction’: Family loses Entiat Valley home to Little Giant Fire, plans to rebuild Facebook Twitter Bluesky WhatsApp LinkedIn SMS Email Print Copy article link Save Tags Shein China Hong Kong Share (finance) Tariff Economy What to read next +5 As Pell grants expand, students see openings to afford short-term job training By Heather Hollingsworth AP Education Writer Updated 15 hrs ago Colleges around the country are seeking approval for a new federal grant program, Workforce Pell, to aid students enrolled for short-term job training. 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