After unsuccessful attempts to list in both New York and London, Shein has now made its debut in Hong Kong.
The stock initially fell sharply, by as much as about 10 percent, before recovering during trading today. By the close, the stock was essentially unchanged from its opening price, while the Hong Kong stock exchange as a whole fell 0.9 percent.
However, the IPO was not nearly as successful as several other companies that have recently been listed in Asia, according to the Financial Times, among others.
Interest in Shein and its products also appears to have waned. During the pandemic - when online shopping exploded - the company was valued at around $100 billion. However, in the most recent quarter, the company reported a loss of $99 million.
In addition, the company has come under increasing scrutiny for its focus on so-called "fast fashion", quickly produced clothing sold at low prices.
