Shein closed on Sept. 4 at 38.14 Hong Kong dollars (about $4.86), about 21.5 percent below its 48.56 Hong Kong dollars (about $6.19) initial public offering price after four days of trading in Hong Kong.
The China-founded fast-fashion retailer began trading on Sept. 1 under stock code 625. The shares closed at 48.50 Hong Kong dollars on the first day, 46 Hong Kong dollars on Sept. 2, 42 Hong Kong dollars on Sept. 3, and 38.14 Hong Kong dollars on Sept. 4. The sequence left Shein below its offer price at the end of every trading session and substantially lower by the end of its fourth day on the exchange.
Shein reported $9.05 billion in global revenue during the first three months of 2026, up by just 1.1 percent from a year earlier. Its U.S. revenue fell by 14.3 percent, to $2.04 billion from $2.38 billion….
Shein Shares Sink 21.5 Percent in 1st Week as US Business Slows
