Shein plans Hong Kong IPO after UK listing stalls: Reports

Shein Group Ltd is now working toward listing in Hong Kong after the fast-fashion company did not receive approval from Chinese regulators for a London listing, news agencies reported on Wednesday, citing unidentified sources.

The company plans to file a draft prospectus in Hong Kong in the coming weeks, one of the people told Reuters. Shein aims to go public within the year, two people told the news agency.

Shein did not immediately respond to requests for comment. A spokesperson for Hong Kong Exchanges and Clearing Ltd declined to comment to Reuters on specific companies.