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Shein is said to weigh switching IPO to HK instead of London

Pei Li and Dave Sebastian / Bloomberg
Pei Li and Dave Sebastian / Bloomberg • 2 min read
Shein is said to weigh switching IPO to HK instead of London
Shein’s about-face would be a blow to London’s moribund IPO market as the city faces mounting competition from other financial centres. Photo: Bloomberg
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Shein Group Ltd. is considering switching its planned initial public offering to Hong Kong from London, people familiar with the matter said, representing the latest twist in the fast-fashion retailer’s turbulent pursuit of going public.

Shein and its advisers have shifted focus because the approval process with Chinese regulators for its proposed London listing was dragging on, the people said, asking not to be identified because the deliberations are private.

Considerations are ongoing and no final decisions have been made, the people said. Shein, which is headquartered in Singapore but was founded in mainland China, didn’t immediately respond to a request for comment. The China Securities Regulatory Commission didn’t immediately reply to a faxed query.

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