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    "headline": "Shein Shares Drop 10% on Hong Kong IPO Debut Amid Profit Concerns",
    "dek": "Shein shares fell 10% on Hong Kong listing debut, valuing the fashion giant at $26 billion.",
    "prose": "Shein Global Holdings Ltd. shares fell as much as 10% during their Hong Kong trading debut, marking a subdued start to the initial public offering. [^1]\n\nShein Global Holdings Ltd. listed on the Hong Kong stock exchange with an initial valuation of approximately 26,000 million US dollars, which is 73% lower than its peak private valuation of 98,200 million US dollars. [^2]\n\nAfter the IPO, Shein's market capitalization is approximately 26 billion US dollars, which is about a quarter of the 100 billion US dollar valuation it held in 2022. [^3]\n\nShein, the Chinese fast-fashion retailer, debuted on the Hong Kong Stock Exchange and its shares fell by up to 10% within the first ten minutes of trading. [^4]\n\nAccording to a Bloomberg report, the pricing gave Shein a market capitalization of slightly more than $26 billion. [^5]\n\nThe final offer price for Shein shares was fixed at HK$48.56 per share, below the maximum offer price of HK$49.5. [^6]\n\nThe Singapore-headquartered company sold around 280 million shares through its initial public offering, raising approximately HK$13.60 billion, or $1.74 billion. [^7]\n\nShares of Shein Global Holdings Ltd. fell 10% on their first day of trading, reaching a low of 43.72 Hong Kong dollars per share against an offering price of 48.56 Hong Kong dollars. [^8]",
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      "statement": "Shein Global Holdings Ltd. shares fell as much as 10% during their Hong Kong trading debut, marking a subdued start to the initial public offering.",
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      "statement": "After the IPO, Shein's market capitalization is approximately 26 billion US dollars, which is about a quarter of the 100 billion US dollar valuation it held in 2022.",
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      "statement": "Shein, the Chinese fast-fashion retailer, debuted on the Hong Kong Stock Exchange and its shares fell by up to 10% within the first ten minutes of trading.",
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