Online fashion retailer Shein’s shares tumbled in early Hong Kong trading ?on Tuesday as the company made its long-awaited debut, ?capping a years-long effort to go public. The stock ?began ?trading at HK$48.56 each, in line with the final price set in the initial public offering that raised $1.7 billion and valued Shein at $26.5 billion. The shares then fell to ?HK$43.8 each. Here are comments from analysts on the debut: KENNY NG, STRATEGIST, CHINA EVERBRIGHT SECURITIES INTERNATIONAL, HONG KONG: “Shares are under the IPO offering price. I believe this reflects how Shein has faced significant challenges in recent years,…
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