Shein applies for listing in Hong Kong
Pending the decision of the UK Financial Conduct Authority, Chinese retail platform moves in parallel with an Asian IPO
1' min read
1' min read
Shein is applying for a listing in Hong Kong to save its landing on the London Stock Exchange. This was stated by the Financial Times, citing two sources.
The online fast fashion group has confidentially filed an application for an initial public offering in Hong Kong in an attempt, the newspaper explains, to accelerate a lengthy listing process and to pressure the UK regulator to approve the listing in London.
Shein has in fact also applied for a listing in Hong Kong to try to pressure the UK's Financial Conduct Authority to compromise on its risk disclosure requirements and keep alive what could be the biggest IPO on the London market in years, reports the Financial Times.
The Hong Kong Stock Exchange, Fca and Shein declined to comment when contacted by the Financial Times.
