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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Shein shares slide on fast-fashion retailer’s stock market debut

Shein Hong Kong United Kingdom United States
Shein company executives and employees pose for a photo at the listing ceremony at the Hong Kong Exchanges and Clearing Ltd watched by other employees in company T-shirts
Shein company executives and employees at the listing ceremony in Hong Kong. Photograph: May James/EPA

Shares in the fast-fashion brand Shein slumped by as much as 10% as the China-founded company made its long-anticipated trading debut on the Hong Kong stock exchange.

The Singapore-headquartered company, once valued at almost $100bn (£74bn), went public on Tuesday pricing shares at HK$48.56, valuing the business at just over $26bn.

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