Shein listed its shares in Hong Kong on Tuesday, ending a years-long effort to go public, with the company valued at $26bn after a debut in which the shares fell, according to the BBC.
Key facts
- Shein's Hong Kong listing took place on Tuesday, according to the BBC.
- The company was valued at $26bn after its debut, the BBC reported.
- Shares fell during the stock market debut, according to the BBC.
- The listing followed what the BBC described as a years-long quest to sell shares in New York and London.
Shein listed its shares in Hong Kong on Tuesday, according to the BBC, bringing to a close a years-long effort by the firm to go public.
The BBC reported that Shein was valued at $26bn after the listing. The debut was not a smooth one, with the company’s shares falling.
The Hong Kong listing came after what the BBC described as a years-long quest by Shein to sell shares in New York and London before turning to Hong Kong.
The BBC characterised the period ahead of the debut as one in which the company had ‘lost its shine’, and reported that the shares fell at the debut.
Coverage of the listing developed over the course of the day, with the BBC first reporting that shares had fallen before later confirming the $26bn valuation once trading was under way.
Why it matters
Shein's public listing is a closely watched moment for investors, according to the BBC's coverage. Its decision to list in Hong Kong after a years-long effort to float in New York and London, combined with a share fall on debut, points to the challenges the company faces as it enters public markets.
Frequently asked questions
Where did Shein list its shares?
According to the BBC, Shein listed its shares in Hong Kong on Tuesday, after a years-long quest to sell shares in New York and London.
What is Shein worth after its stock market debut?
The BBC reported that Shein was valued at $26bn after its long-awaited stock market debut.
How did Shein's shares perform on debut?
Shein's shares fell, or slid, during its stock market debut, according to the BBC.