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المشهد العربي
Shein stock drops before IPO
Shares of SheIn experienced a decline of over 10% in unofficial trading on the Hong Kong Stock Exchange prior to its official listing, with the stock price set at 48.56 Hong Kong dollars (6.19 US dollars). The fundraising amount was approximately 1.7 billion dollars, with an overall valuation reaching up to 26.5 billion dollars. The market reacted negatively as the stock trading approached its start, with the share price in unofficial dealings reaching around 42 Hong Kong dollars. This decline occurs as the company prepares to officially launch its shares the following day.
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