Fast-fashion retailer Shein's shares fall after subdued Hong Kong IPO

IPOElusive billionaire founder Sky Xu makes brief appearance as questions linger over outlookShein founder Sky Xu, right, appears on stage for a photo session after the listing ceremony at the Hong Kong Exchange on Sept. 1. (Photo by Cissy Zhou)CISSY ZHOU and LORRETTA CHENSeptember 1, 2026 10:43 JSTUpdated on September 1, 2026 11:30 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.