SHEIN Shares End Flat After 10% IPO Drop in Hong Kong
SHEIN Global Holdings Limited finished its debut session in Hong Kong with little change. The stock ended at HK$48.50 following an intraday drop to HK$43.72, closing 0.12% below its offer price.
SHEIN debut: a 10% drop, then a closing-auction recovery
Hong Kong dollars per share; five-minute observations
As of . Source: Yahoo Finance; offer price from the HKEX prospectus.
IPO mechanics at the final price
HK$48.56Offer price per share
279.99mClass B shares offered
HK$13.6bnGross proceeds
10% / 90%Initial Hong Kong / international split
Source: HKEX prospectus; gross proceeds calculated from offered shares and final price.
Customer scale grew while quarterly earnings reversed
Active customers281m
Year-on-year growthMore than 16%
Orders in 12 monthsMore than 1bn
Customer figures are as of March 31, 2026. Sources: BBC and The Guardian.
Public investors accepted only about one-quarter of the 2022 valuation
2022 private round
$100bn
2026 IPO close
$26.3bn
Valuation reset: -73.7%
Sources: The Guardian and Radiocor; percentage calculated from reported values.
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