On September 3, SHEIN-W declined 3.3% in regular trading to 45.46 HKD/share, with turnover of approximately 37.12 million HKD, extending losses from its debut session just two days prior.

The decline comes despite a positive development on September 2, when Hang Seng Indexes Company announced that SHEIN-W qualifies for fast inclusion into the Hang Seng Composite Index and its sub-indexes, effective after market close on September 14. Such inclusion typically attracts passive fund inflows.

However, post-IPO selling pressure continues to weigh on the stock. SHEIN-W listed on September 1 at 48.56 HKD, flat with its IPO price, but quickly broke below issuance, dropping as much as 10% intraday to a low of 43.72 HKD. Market concerns center on slowing revenue growth — net income growth decelerated from 20.7% in 2024 to 8.0% in 2025 — and the sharp valuation compression from approximately 982 billion USD in private markets to roughly 265 billion USD at IPO, a decline exceeding 70%.

SHEIN International Holdings Limited is a global online fashion and lifestyle retailer offering apparel, footwear, accessories, beauty, and home products under the SHEIN, MOTF, and SHEGLAM brands, 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.)