A major online retailer's stock price dropped following its public debut. The company had raised a significant amount of money, approximately $1.7 billion, before its shares began trading.

The retailer's business model focuses on quickly delivering affordable clothing from its production base to customers in other regions. Its chief financial officer marked the occasion with a brief statement, noting the event as a new beginning for the company. Further information about the company's public listing and its impact on the stock market is available.