Shein Shares Sink 21.5 Percent in First Week as US Business Slows
The fast-fashion retailer faces weaker U.S. sales, higher import costs, and new European restrictions following its Hong Kong market debut.
TL;DR
- Shein's shares closed 21.5 percent below its IPO price after four days of trading in Hong Kong.
- The stock has been below the offer price at the end of every trading session.
- Global revenue increased by 1.1 percent in the first three months of 2026, reaching $9.05 billion.
- U.S. revenue decreased by 14.3 percent, falling to $2.04 billion from $2.38 billion.