Movement Alert|SHEIN-W Falls 3.23% in Regular Trading, Post-IPO Weakness Resumes as Stock Connect Inclusion Remains Months Away

Market Focus
9 hours ago

On September 10, SHEIN-W declined 3.23% in regular trading, trading at 39.6 HKD per share, with turnover of approximately 28.29 million HKD. The stock gave back gains from its brief rebound earlier this week, resuming its broader post-IPO downtrend.

SHEIN-W has been under sustained pressure since its September 1 listing at an IPO price of 48.56 HKD, with shares falling more than 20% from the offer price at one point. While the stock briefly recovered on September 7-8 ahead of its scheduled inclusion in the Hang Seng Composite Index on September 15, multiple market commentaries have noted that, due to its weighted voting rights (WVR) structure, SHEIN-W still needs to meet an additional requirement of being listed for at least six months plus 20 trading days before it can be included in Stock Connect, meaning meaningful southbound capital inflows remain approximately seven months away. This has tempered expectations for near-term passive fund demand.

SHEIN International Holdings Limited is a global online fashion and lifestyle company. Its core brand SHEIN offers diversified products including apparel, footwear, accessories, beauty, home, and lifestyle categories, operating across domestic and international markets.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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