Shein to List in Hong Kong Amid London Controversy
Chinese fashion giant Shein has filed for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX)—a move made in part to pressure the U.K. to approve its stalled London listing, according to the Financial Times.
Two people with knowledge of the matter told the FT that Shein confidentially filed a draft prospectus with the HKEX in early July and requested approval from the Chinese securities regulator to list overseas.