Shein's IPO Plans are in Jeopardy: Pressure on London, hope for Hong Kong

The online fashion giant Shein has confidentially submitted an application for an IPO in Hong Kong. With this move, the company is attempting to revive its stalled listing in London. According to the Financial Times, the draft of the prospectus was submitted to the Hong Kong Stock Exchange (HKEX) last week, accompanied by discussions with the Chinese Securities Regulatory Commission (CSRC). This development comes roughly 18 months after an initial attempt to go public in London, a plan that has so far failed due to regulatory hurdles. ...