3rd time lucky? Shein set to file for Hong Kong IPO
China-founded fast-fashion retailer Shein is planning to confidentially file a draft prospectus for an IPO in Hong Kong in the coming days, which would mark the third venue the company has sought to debut in, Reuters reported. The move to apply confidentially is rare in Hong Kong, where companies generally make such filings public. Shein had a globe-trotting path to the public markets, with its prior attempts to list in the US and London facing scrutiny over its supply-chain practices and tariff impacts. Shein didn’t reply to a request for comment from Reuters.
