{"text":[[{"start":6.718,"text":"Shein shares fell sharply below their offer price on Tuesday as the fast-fashion retailer made its long-awaited trading debut in Hong Kong."}],[{"start":15.534,"text":"The company had priced shares at HK$48.56 ($6.19) in the middle of its range, raising HK$13.6bn ($1.7bn) and valuing Shein at just over $26bn."}],[{"start":30.298,"text":"However, the stock fell more than 9 per cent in the first minutes of trading at about HK$44 ($5.61)."}],[{"start":38.014,"text":"In 2022 the online retailer was valued at about $100bn following a private fundraising round."}],[{"start":46.617,"text":"Shein’s previous attempts to list in New York and London were derailed by opposition from politicians and regulators amid scrutiny of its Chinese supply chain."}],[{"start":56.256,"text":"This is a developing story"}],[{"start":59.76,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1788229066_1116.mp3"}