Shein is preparing to list its shares on the Hong Kong Stock Exchange

Shein is continuing its preparations to offer its shares for public subscription on the Hong Kong Stock Exchange, according to Bloomberg, citing informed sources, after its previous attempts to list in other markets faltered.
The sources said that the fast fashion company and its advisors may seek to implement the offering in the coming months, if they obtain approval from the China Securities Regulatory Commission.
The sources added that recent discussions with the Chinese regulator resulted in positive indicators regarding the IPO request, but the deadline for the public offering has not yet been decided.
She noted that the timeline for the operation is still subject to change, pending the completion of regulatory approvals.
The move towards the Hong Kong Stock Exchange comes after unsuccessful attempts to list Shein shares in the United States and then in London, which prompted the company to search for an alternative in the Asian markets.
Shein moved its headquarters to Singapore in 2021, as part of restructuring its business and expanding its global presence.