On September 4, SHEIN-W declined 3.29% in regular trading, trading at 40.32 HKD/share, with turnover of 34.15 million HKD. The stock has now fallen approximately 17% below its IPO issue price of 48.56 HKD since its Hong Kong listing on September 1.

The continued slide extends a pattern of persistent selling pressure since SHEIN-W debuted on the HKEX. The stock dropped nearly 10% intraday on its first trading day and has failed to recover since. Despite the Hang Seng Index Company announcing on September 2 that SHEIN-W qualifies for fast-track inclusion into the Hang Seng Composite Index effective September 15, market concerns over slowing revenue growth, earnings volatility, and tariff risks have dominated sentiment. Notably, the IPO valued the company at approximately 26.5 billion USD, representing a steep discount of over 70% from its peak private-market valuation of nearly 100 billion USD. Analysts have pointed out that SHEIN-W trades at roughly 12.4-12.9x trailing earnings, significantly below peers Inditex at approximately 30x and H&M at approximately 22x, reflecting the market's cautious repricing.

SHEIN International Holdings Limited is a global online fashion and lifestyle company offering diversified products including apparel, footwear, accessories, beauty, home and lifestyle goods under brands such as SHEIN, MOTF, and SHEGLAM, serving approximately 160 markets worldwide.

(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.)