Shein Finally Made It To The Stock Market. Investors Immediately Knocked 9% Off Its Shares.

Source: International Business Times

Shein's financial performance has weakened as trade changes disrupt the low-cost model that helped it grow rapidly outside China. AFP Shein's long-awaited arrival on the public markets got off to a rocky start Tuesday, with its shares dropping as much as 10% during their Hong Kong debut after years of failed listing attempts and a steep decline in the fast-fashion company's valuation. The Singapore-headquartered retailer sold about 280 million shares at HK$48.

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Shein just went public at about 25% of its peak valuation

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