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Shein files for Hong Kong IPO to save London listing, FT reports
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Shein files for Hong Kong IPO to save London listing, FT reports
Jul 7, 2025 10:03 PM

July 8 (Reuters) - China-founded fast-fashion retailer

Shein has filed for an IPO in Hong Kong to accelerate the

listing process and pressure Britain's regulators to approve its

planned London debut, the Financial Times reported on Tuesday.

The company privately filed a draft prospectus last week

with Hong Kong's exchange and sought a regulatory nod from the

China Securities Regulatory Commission, the report said, citing

people familiar with the matter.

Reuters could not immediately verify the report. Shein did

not immediately respond to a Reuters request for comment.

UK's Financial Conduct Authority did not immediately respond

to a request for comment outside regular business hours. The

Hong Kong Stock Exchange also did not immediately respond to a

request for comment.

Shein filed for a Hong Kong listing partly to pressure the

UK regulator into easing its risk disclosure rules and to keep

alive what could be London's biggest IPO in years, the FT report

added.

Reuters first reported in June that Shein was planning to

file a draft prospectus confidentially for its Hong Kong

listing, citing three sources with knowledge of the matter.

Reuters also reported in May, citing sources, that Shein was

working towards a listing in Hong Kong after its proposed London

IPO failed to secure the green light from Chinese regulators.

If UK's Financial Conduct Authority is willing to accept a

China Securities Regulatory Commission-approved prospectus,

London would still be Shein's preferred exchange, the FT report

said.

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