{
  "id": 4808076,
  "title": "Las acciones de Shein caen un 10% en su debut bursátil en Hong Kong",
  "url": "https://urgent.news/2026/09/01/las-acciones-de-shein-caen-un-10-en-su-debut-bursatil-en-hong-kong",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-01T06:36:45.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/economia/financial-times/2026/09/01/6a96716ae5fdeac23e8b459d.html"
  },
  "original_language": "es",
  "account": "Shein, the fast-fashion chain, completed its long-awaited initial public offering (IPO) in Hong Kong, with the company's shares falling sharply below its IPO price, as expected. The company had set the share price at 48.56 Hong Kong dollars ($6.19), halfway between its price range, raising HK$13.6 billion ($1.7 billion) and valuing Shein at over $26 billion. However, shares fell by 10% in the opening minutes of trading, settling at around 43.72 Hong Kong dollars ($5.58), causing the group's valuation to fall below $25 billion. Subsequently, shares recovered slightly, closing with a 4% drop at 46.62 Hong Kong dollars. This subdued debut stands in stark contrast to recent successful public offerings in Asia, with chipmaker CXMT and humanoid robot maker Unitree rocketing up around 460% in their IPOs. The pandemic lockdowns and social media buzz surrounding Shein's affordable fashion drew young consumers to the brand, leading to a valuation of $100 billion after a private financing round in 2022. However, investor enthusiasm began to wane by the end of that year, and the next financing round valued Shein at $66 billion. The company also faces commercial investigations in the EU and the US. Shein's attempts to list in New York and London were thwarted by opposition from politicians and regulators amid scrutiny of its Chinese supply chain. In July, Chinese regulators approved the company's IPO in Hong Kong. Currently, Shein is one of the world's largest listed fashion groups, with a valuation roughly on par with Swedish retailer H&M, though far less than Inditex, the owner of Zara, valued at around $213 billion. Kenny Ng of Everbright Securities International noted that Shein has faced significant challenges in recent years and added, \"The market is adopting a wait-and-see attitude regarding the international trade policy environment and the recovery of global consumer confidence.\" BNP Paribas' head of variable income analysis for Asia-Pacific, William Bratton, stated that the consumer non-cyclical sector does not appear particularly attractive compared to technology at the moment. Shein's net profit fell to $2 billion last year, down from a peak of $3.4 billion in 2024, while net profit margins plunged to 4.9% from 8.7% in the same period. The company reported a net loss of $99 million in the first quarter and warned of the risks posed by trade tensions between the US and the EU to its business. In May 2025, Washington removed the tariff exemption for small packages that Shein used to send clothes directly to its customers in the US.",
  "summary": "La cadena de moda rápida completa su salida a Bolsa, largamente postergada, con una valoración de ganga. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}