Goldman Sachs bought around $220m of Shein shares in September as part of efforts to support the company’s stock after its Hong Kong listing. The bank acquired almost 42m shares while acting as stabilisation manager for Shein’s IPO, according to the Financial Times. 56 offer price and represented around 13 per cent of the shares sold in the float. Goldman’s role meant it could buy stock in the market after the listing if the share price fell below the offer price. 99m shares had been lent to the stabilisation manager under a stock borrowing agreement before Shein began trading on 1 September.