AI and Robotics Drive an IPO Boom in China as Shein Lists in Hong Kong
Shein lost about $5 billion in market value as its shares closed 19% below the offer price, with investors favoring AI and robotics stocks.
- On Monday, Shein Global Holdings shares rose 3.2 per cent, marking their first gain since the IPO, yet closed 19 per cent below the offering price as the company lost about $5 billion in market value.
- Once valued at $100 billion during the pandemic e-commerce boom, Shein now faces a much tougher environment as revenue growth slowed to 8 per cent in 2025, down from 21 per cent in 2024.
- Data compiled by Bloomberg shows the performance ranks second-worst among companies raising at least $1 billion in Hong Kong, trailing a 19.9 per cent plunge by Baidu, with market value dropping to roughly $21 billion.
- Bloomberg Intelligence analyst Catherine Lim said the sell-off was "largely driven by company-specific concerns," as capital increasingly flows toward artificial intelligence rather than traditional e-commerce.
- Financial challenges compound investor skepticism as Shein posted a loss of $99 million in the first quarter, compared with a profit of $395 million a year earlier.
13 Articles
13 Articles
AI and robotics drive an IPO boom in China as Shein lists in Hong Kong
Chinese markets are booming with new public share listings driven by the craze for artificial intelligence. E-commerce giant Shein's shares are due to debut in Hong Kong on Tuesday in the latest such initial public offering. Its IPO raised $1.7…
Shein’s $5 Billion Wipeout: What Went Wrong in Week One?
TLDR Shein shares closed 19% below its HK$48.56 IPO price after its first week of trading The company lost around $5 billion in market value, dropping from $26 billion to $21 billion Shein posted a $99 million loss in Q1 2026, compared to a $395 million profit a year earlier Revenue grew just 8% in...
Shein has lost about $5 billion in market value since its initial public offer (IPO), ending one of the worst weeks of debut after a major listing in Hong Kong - a sign of investors' concerns about fast fashion retailers' growth prospects. Read more (09/07/2026
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