Shein's shares plummeted more than 9% on the first day of trading on the Hong Kong Stock Exchange. The fast fashion company placed 280 million shares on the market in this highly anticipated debut.
The operation allowed raising about 13.6 billion Hong Kong dollars, equivalent to nearly 1.5 billion euros, according to data available in the article.
Shein's IPO was considered one of the most anticipated stock market debuts in recent years in the Chinese special administrative region of Hong Kong, generating great expectations among investors.
Despite the significant fundraising, the sharp drop in shares on the first day of trading highlighted investors' concerns about the company in the current market scenario.
