Fast-fashion retailer Shein's shares dive 10% after subdued Hong Kong IPO

IPOElusive billionaire founder Sky Xu makes brief appearance as questions linger over outlookShein founder Sky Xu, center with a flower pin, appears on stage for a photo session after the listing ceremony at the Hong Kong Exchange on Sept. 1. © ReutersCISSY ZHOU and LORRETTA CHENSeptember 1, 2026 10:43 JSTUpdated on September 1, 2026 11:47 JSTHONG KONG -- China-founded fast fashion retailer Shein executed a low-key debut on the Hong Kong Exchange on Tuesday, with its shares opening flat and plunging 10% at one point.