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Business

Shein Shares Slip in Hong Kong as Investor Skepticism Mounts

Fast-fashion giant Shein saw its share price drop more than 5% on Wednesday, marking a rocky second day of trading in Hong Kong. The decline follows a tepid market debut that forced the company to rely on stabilization measures just to maintain its issuance price of HK$48.56 during Tuesday’s session.

Today, 12:06Business Person2,208 views
Shein Shares Slip in Hong Kong as Investor Skepticism Mounts

The stock closed at HK$46 on Wednesday, lagging behind a flat Hang Seng Index. This cooling performance arrives after a $1.7 billion IPO that valued the retailer at $26.5 billion—a steep retreat from the $100 billion valuation the company commanded at its 2022 peak.

Analysts point to a fundamental reassessment of the company’s business model. Brandon Ho of Arta Finance noted that slowing revenue growth and tightening margins are complicating the investment case. Beyond internal metrics, the company faces mounting external pressure from increased import duties in the U.S. and European Union, alongside heightened regulatory scrutiny and aggressive competition from rival platforms.

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