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Shein's market cap evaporated by approximately $5 billion after its listing, marking one of the worst opening weeks for a major IPO in Hong Kong.
Shein Global Holdings Ltd. has seen approximately $5 billion wiped off its market value since its initial public offering (IPO), marking one of the worst opening weeks for a major listing in Hong Kong. This underscores investor concerns about the fast-fashion retailer's growth prospects.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Hong Kong's Hang Seng Index closed down 0.9% on Monday, with mainland Chinese stocks rising, but the financial sector fell due to the Ministry of Finance's $54 billion capital injection plan.
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Next: China's foreign exchange reserves rose by $19.55 billion to $3.438 trillion in August, exceeding economists' expectations
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