Change of course at Shein.
According to a report by the Reuters news platform, the Chinese fast fashion giant is considering an IPO in Hong Kong. The company thus seems to have put its original plans for a listing in London on hold for the time being.
According to several sources familiar with the matter, Shein Hong Kong turned up after Chinese supervisory authorities had not approved the IPO in the British capital. A source said that the online fashion retailer wanted to submit a first prospectus draft to the Börse in Hong Kong in the coming weeks. Two other insiders: Inside, report that the company is still striving for an IPO in the special administrative zone in the current year.
Shein had followed a listing in London since the beginning of 2024 after plans for an IPO in New York had stalled due to political resistance in the United States. US politicians: Inside, a blockade of the IPO and greater transparency in relation to the company’s business activities in China called for. In Great Britain, too, Shein was faced with critical voices – both on the part of the financial supervision, as well as from non -governmental organizations and leading representatives: inside of the fashion industry. Nevertheless, it became known in April 2025 that the company received the approval of the British financial supervisory authority (FCA) for an IPO. Afterwards, Shein informed the Chinese securities supervision (CSRC) about the plans.
The company expected the CSRC’s consent, but was faced with unexpected delays and restricted communication, according to an insider. In addition, accusations of the possible use of cotton from the Chinese region of Xinjiang would have further difficult the process in London.
Fashionunited asked Shein to comment.
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