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    "headline": "Shein's Hong Kong Debut Values Firm at $24B, Down 80% From 2022 Peak",
    "dek": "Shein's Hong Kong IPO gave it a $24 billion market cap, nearly 80% below its 2022 peak valuation of about $100 billion.",
    "prose": "Shein, the Singapore-headquartered fashion retailer, completed its initial public offering in Hong Kong. [^1]\n\nThe initial public offering valued Shein at a market capitalization of $24 billion. [^2]\n\nShares of fast-fashion giant Shein fell 7% as they began trading in Hong Kong on Tuesday. [^3]\n\nThe Singapore-headquartered company sold about 280 million shares in its initial public offering, raising around 13.60 billion Hong Kong dollars ($1.74 billion) after the final offer price was set at HK$48.56 per share. [^4]\n\nShein listed its stock on the Hong Kong stock exchange with a valuation of $26.5 billion. [^5]\n\nEffective July 1, the EU imposed a temporary tariff of 3 euros per item on parcels originating from outside the EU to curb the influx of cheap products, mainly from China. [^6]\n\nFast-fashion retailer Shein is set to open flat in its Hong Kong market debut, according to the article's headline. [^7]\n\nIn 2022, Shein reached a peak valuation of nearly $100 billion following a funding round. [^8]\n\nThe $24 billion market capitalization is an almost 80% decline from the 2022 peak valuation of nearly $100 billion. [^9]\n\nShein reported net revenue of $41.8 billion in 2025, compared with $38.7 billion a year earlier. [^10]\n\nThe IPO values Shein at around $26.5 billion, compared with its private market valuation of $100 billion in 2022. [^11]\n\nThe stock price traded between 44 and 45 Hong Kong dollars per share, which is equivalent to approximately 4.83 to 4.94 euros. [^12]",
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