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Shein drops London listing for Hong Kong IPO—report

Reports indicate that the online retailer has yet to get approval from Chinese regulators.

Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, a report by Reuters said.

The report said the online retailer plans to file a draft prospectus in Hong Kong’s stock exchange in the next few weeks, then launch its IPO within the year.

Shein is a global online fashion and lifestyle retailer that specialises in fast fashion, using on-demand manufacturing to offer affordable, trend-driven apparel, accessories, and home goods.

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