Shein shares slide over 3% after lacklustre Hong Kong trading debut - The Business Times

Shein shares slide over 3% after lacklustre Hong Kong trading debut Higher import duties in key markets, growing regulatory risks hampering Shein’s growth prospects Summarise Share Add BT as a preferred source Add BT as a preferred source Published Wed, Sep 2, 2026 · 11:25 AM Executives at Shein’s Sep 1 listing ceremony at the Hong Kong Stock Exchange. The firm raised US$1.7 billion in its IPO that valued the firm at US$26.5 billion. PHOTO: BLOOMBERG [HONG KONG] Shares of Shein slipped more than 3 per cent on Wednesday (Sep 2), a day after a lacklustre debut session following a long-awaited initial public offering. The online fast-fashion retailer’s stock tanked by as much as 10 per cent on Tuesday but recovered to close to its HK$48.56 issuance price. The stock was trading at HK$46.94 in early trade on Wednesday. Hong Kong’s Hang Seng Index was down about 0.9 per cent. Shein’s share price rallied late on Tuesday and its rebound was the result of so-called stabilisation measures that can be applied to large listings to avoid sharp declines on a debut day, according to a source and analysts. Shein raised US$1.7 billion in its IPO that valued the firm at US$26.5 billion, nearly a quarter of its peak of nearly US$100 billion in 2022. Higher import duties in key markets, growing regulatory risks and intensified competition from rivals are hampering Shein’s growth prospects, investors and analysts said. SEE ALSO Why fast-fashion giant Shein faces an uphill battle to regain its mojo Fashion climate emissions rose almost 14% over two years; cost a decarbonisation hurdle: report Shein CEO Sky Xu’s wealth slumps US$15 billion after whittled-down IPO Asean Intelligence Get insights into businesses across South-east Asia Get the free report “Shein’s weak performance reflects investors reassessing a growth story that has become harder to underwrite,” said Brendon Ho, head of investment advisory for Singapore at Arta Finance. “Revenue growth has slowed over the past few years and margins are under pressure, while higher tariffs and customs costs in the US and EU are weakening the economics of its low-cost cross-border model. REUTERS Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free. Shein Hong Kong Stock Exchange Hong Kong stocks Fashion industry Hong Kong Asia Share with us your feedback on BT's products and services Feedback TRENDING NOW Canada’s fight with the US has far bigger stakes than trade What do rising US Treasury yields mean for Singapore investors? Asia-Pacific aviation: is up really the only way? 10 luxury apartments linked to S$3 billion money laundering case on Sep 23 auction block