Shein shares slip more than 3% on second day of Hong Kong trading - Fashion network

By Reuters Published September 2, 2026 Download Print Text size aA+ aA- Shein shares slip more than 3% on second day of Hong Kong trading By Reuters Published September 2, 2026 Shares of Shein slipped more than 3% on ⁠Wednesday, a day after a lacklustre debut session following a long-awaited initial public offering. Reuters The online fast-fashion retailer's stock tanked by as much as ⁠10% on Tuesday ‌but recovered to ⁠close to its HK$48.56 issuance price. The stock was trading at HK$46.94 in early trade Wednesday. Hong ​Kong's ​Hang Seng Index was down about 0.9%. Shein's share price rallied late Tuesday and its rebound was the result of so-called ‌stabilisation measures ​which can be applied to large listings to avoid ‌sharp declines on a ⁠debut day, according to a source and analysts. Shein ‌raised $1.7 billion in its IPO which valued the firm at $26.5 billion, nearly a quarter of its peak of nearly $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. "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 U.S. and ‌EU are weakening the ​economics of its low-cost cross-border model. © Thomson Reuters 2026 All rights reserved. Tags : Fashion Business