D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
Investing.com -- Online fast fashion retailer Shein has confidentially submitted a draft prospectus for an initial public offering (IPO) in Hong Kong, according to the Financial Times.
The Chinese-founded, Singapore-based company filed the paperwork with the Hong Kong exchange (HKEX) last week, the report said, citing two sources familiar with the matter.
The retailer is also seeking approval from the China Securities Regulatory Commission (CSRC), the report added.
This Hong Kong filing comes after Shein previously attempted to list in London approximately 18 months ago.
The company has faced challenges obtaining regulatory approval in the UK and reportedly redirected its listing efforts to Hong Kong in May.
The confidential filing appears to be part of Shein’s strategy to advance its listing plans after encountering regulatory hurdles in other markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.