HONG KONG, Aug 31 : Shares of online fast-fashion retailer Shein dropped more than 10 per cent in gray-market trading on Monday ahead of its Hong Kong Stock Exchange debut on Tuesday. The company raised $1.7 billion at HK$48.56 a share, valuing the company at about $26.5 billion, sources told Reuters. Shein'

Fast-fashion giant to start trading Tuesday as headwinds strain its business model

Shein will go to market at its cut-price IPO later this week, as the fast-fashion giant’s rapid rise begins to slow.