GlobeVerge
BUSINESS
Shein shares fall up to 10% after long-awaited trading debut
The fast-fashion giant’s stock slumped after four years of public backlash over labor and ethical concerns.
GlobeSignal-AIhigh certainty
- Why it matters
- Investors betting on Shein's listing face immediate losses, and the weak debut reflects sustained concern about the company's labor and sustainability practices.
- Most affected
- Shein IPO investors — Holdings lost up to 10% of value on the first trading day.
- Likely next
- Whether the stock stabilizes above opening price or continues falling in the first week of trading.
Also reported by: BBC, Evening Standard