Shein Plummets 10% in its Hong Kong IPO and Ultrafast Fashion Loses Momentum in Europe

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  "data": {
    "url": "https://www.merca2.es/2026/09/01/shein-salida-a-bolsa-hong-kong-2-2446224/",
    "title": "Shein Plummets 10% in its Hong Kong IPO and Ultrafast Fashion Loses Momentum in Europe - Merca2.es",
    "excerpt": "Shein's debut in Hong Kong shows how much the rules of the textile industry have changed: the valuation of 26 billion is 74% below its 2022 peak. The end of tariff exemptions in the United States and Europe explains the distrust compared to Inditex and Temu. I have followed Shein's IPO from Hong Kong. The figure that explains the session is not the cut, but the scale of the reduction: some 26 billion dollars compared to 100 billion dollars in 2022. In early trading, the stock fell by 10% and then stabilized around 44.6 Hong Kong dollars, with a decline of close to 8%. The debut confirms the new competitive balance of ultrafast fashion. The Hang Seng fell 0.6% while Shein traded at around 44.6 Hong Kong dollars. The capitalization stood, according to Bloomberg and Livemint, at around 26 billion dollars, a figure that leaves behind the 100 billion dollars the company reached in 2022. The cooling of demand is observed in the oversubscription of tranches: The market's reading is clear: investors do not perceive Shein as a cheap opportunity. Charu Chanana, chief investment strategist at Saxo, explained that the multiple of 15 times future earnings comfortably exceeds that of PDD, Temu's parent company, despite lower growth visibility and higher regulatory risks. \n“The weak debut shows that even after the huge valuation reset, investors still don’t see Shein as obviously cheap.” -...",
    "product": "Shein Marketplace",
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    "image_url": "https://static.merca2.es/wp-content/uploads/2023/10/EuropaPress_5289659_shein_abre_puertas_primera_pop_up_store_navidena_intu_xanadu.jpg",
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    "published_at": "2026-09-01T06:22:18Z",
    "article_sentence": "The acquisition of Everlane in May and the integration of Pimkie and Missguided into its marketplace point to a shift towards a platform that provides supply chain services to third parties.",
    "related_company_name": "Pimkie",
    "related_company_domain": "pimkie.com"
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