Fast-fashion retailer Shein has confidentially filed a draft IPO prospectus with the Hong Kong Stock Exchange. This is reported in the Financial Times. The Singapore-based company is aiming to accelerate its listing process and urge the UK’s financial regulator to approve a long-delayed London IPO.
The move followed regulatory disputes between Chinese and UK authorities over risk disclosure, particularly concerning supply chain links to the Xinjiang region, leading to approval from London’s FCA but rejection by China’s CSRC. While Shein still prefers a London listing if regulators align, it views Hong Kong as a more accommodating venue. The China-founded company previously attempted US and London listings but was stalled by geopolitical and regulatory challenges.
