09/08/2026
FilingExpress
Shein’s Hong Kong debut put a public price on fast fashion — and it is a long way from the private-market peak.
BBC puts the listing valuation around $26.3 billion after Shein priced at HK$48.56 and raised about $1.7 billion. That is roughly three-quarters below the nearly $100 billion mark investors once floated in 2022. Shares swung as much as 10% lower on day one before settling into a tepid close.
New York and London never worked. Hong Kong did — with slower growth, lost U.S. duty exemptions, and regulatory overhang baked into the tape.
More soon on FilingExpress.