"Shein switching to Hong Kong listing after London IPO stalls: Sources" The Straits Times, 29 May 2025

Shein is working towards a listing in Hong Kong after the online fast-fashion retailer's proposed initial public offering (IPO) in London failed to secure the green light from Chinese regulators, said three sources with knowledge of the matter.

Shein plans to change the listing venue as it had not yet received approval for its London IPO from Chinese regulators, notably the China Securities Regulatory Commission (CSRC), the two sources said.

The company initially expected the green light from Chinese regulators to follow swiftly after the FCA but has since experienced an unexpected delay and limited communication from the CSRC, said the source.

Allegations that Shein’s products contain cotton from China’s Xinjiang region and a planned legal challenge to the London IPO by a non-governmental organisation (NGO) campaigning against forced labour in China have complicated the London listing [...].