Exclusives | Asia

Shein working towards Hong Kong listing after London IPO stalls, say sources

28 May 2025, 8:37 am
1 min read
FILE PHOTO: Shein logo and their web shop are seen in this illustration taken, May 16, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public offering (IPO) in London failed to secure the green light from Chinese regulators, said three sources with knowledge of the matter.

Why it matters

Before its attempt to list in London, Shein had pursued a listing in New York, as part of its efforts to gain legitimacy as a global, rather than a Chinese company, and access to a wide pool of large Western investors. A listing in Hong Kong would go against that strategy and could hurt its global credentials.

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