SHEIN, a major China-based online retailer, newly listed on the Hong Kong Stock Exchange. Its market capitalization based on the opening price was approximately $26 billion (approximately ¥4.2 trillion), down to slightly more than one-quarter of its peak valuation at the time of listing.
SHEIN, a major China-based online retailer, newly listed on the Hong Kong Stock Exchange on the 1st. Its market capitalization based on the opening price was approximately $26 billion (approximately ¥4.2 trillion), down to slightly more than one-quarter of the peak valuation calculated before the listing. The view has been reported that growth is slowing amid a US-led campaign against the company.
The opening price was HK$48.56 (approximately ¥990), the same as the offer price, but the stock temporarily fell by around 10%. The move in morning trading has been reported.
SHEIN’s listing was described as having a market capitalization of approximately ¥4 trillion based on the offer price, with its valuation at the opening price having contracted significantly from its peak.
The article describes a focus on SHEIN’s future prospects against the backdrop of slowing growth at the China-based online retail giant and the gap in market valuation following the listing.