Shein has confidentially filed for an initial public offering in Hong Kong as the online fast-fashion retailer seeks to accelerate a drawn-out listing process and pressure the UK regulator into approving a London listing.
The Singapore-based company, which was founded in China, privately filed a draft prospectus last week with Hong Kong’s exchange (HKEX) and sought the blessing of the China Securities Regulatory Commission, according to two people with knowledge of the matter.
Shein, which retains the vast majority of its supply chain in China, filed for a London initial public offering about 18 months ago, but has been unable to secure regulatory approval.
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