Shortly after opening, the stock had fallen by more than 9 percent, according to AFP.
Around 280 million shares in Shein were sold in the IPO, at 44.7 Hong Kong dollars each, equivalent to 54.7 Swedish kronor. This is slightly below the listing price of 48.7 Hong Kong dollars.
This means a profit for the e-commerce giant of just under 17 billion kronor.
Shein has been headquartered in Singapore since 2021. The e-commerce retailer has previously suspended attempts to list its shares in both New York and London. On Wall Street, the listing was halted after questions were raised about the company's suppliers and their treatment of employees.
