Fast-fashion retailer Shein shares fall more than 10% in pre-debut trading

HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein slumped more than 10 per cent in gray-market trading on Monday, one day ahead of its Hong Kong Stock Exchange debut.The company raised $1.7 billion at HK$48.56 a share, valuing it at about $26.5 billion, according to sources who declined to be identified.

How Shein had to make peace with China to finally go public​  Reuters

The clothing company has strengthened ties with China recently after years of trying to be seen as a global company