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Market Chatter: Shein Advances Preparatory Work for Hong Kong IPO

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Shein is eyeing the launch of a Hong Kong IPO in the upcoming months and advancing related preparations, Bloomberg reported Friday citing people familiar with the matter.

The public offering is subject to approval from the China Securities Regulatory Commission, with a positive regulatory response from the latter recently, according to the people who asked not to be identified.

The public offering, which could generate a few billion dollars in proceeds, could be delayed as no strict timeline is yet in place, Bloomberg said citing the people.

Shein did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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