Shein stock fails to captivate as fast-fashion giant makes market debut

After failed attempts to list its shares in New York and London, Shein Global Holdings has officially made its stock market debut (0625.HK)—though it wasn’t exactly a success.  On Tuesday, September 1, the Chinese-founded fast-fashion company made its IPO on the Hong Kong Stock Exchange (HKSE) with a price of HK $48.56 ($6.19 USD). The stock fell more than 9% before recovering to a similar price of HK $48.50.  A downsized giant Despite the rebound, Shein is still far from its heyday. In 2022,…