Shein shares fall in Hong Kong debut despite $1.7 billion IPO

In early September 2026, fast-fashion retailer Shein made its stock market debut in Hong Kong, raising $1.7 billion in its initial public offering. However, shares fell as much as 10% on the first day, before closing flat. Investors were concerned about slowing growth and regulatory risks, as well as the impact of new parcel duties and higher costs related to Iran.