SHEIN’s contract on Hyperliquid plunged nearly 15% in a short period, breaking below its IPO price range.
2026.08.31 16:45:43
According to market data, SHEIN's pre-IPO contract trading pair on Hyperliquid plunged nearly 15% in a short period, hitting a low of $5.46, which fell below its IPO price range, and is now trading at $5.6, equivalent to around HK$43.9. It is reported that global fashion retail e-commerce platform SHEIN plans to list on the Hong Kong Stock Exchange on September 1, with a valuation of $27 billion, an offering of approximately 280 million shares, an IPO price range of HK$47.6 to HK$49.5 per share, and a maximum fundraising target of around HK$13.86 billion (about $1.77 billion).
Monday price preview for US and South Korean stock markets: SK Hynix is projected to open down approximately 3.8%, with most US stocks trading lower in pre-market hours.
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