Shein Looks to Hong Kong as UK IPO Stalled, Reuters Says (1)

Shein Group Ltd. is working toward an initial public offering in Hong Kong after the fast-fashion company had not yet received approval from Chinese regulators for a London listing, Reuters reported on Wednesday, citing three unidentified people familiar with the matter.

The Singapore-headquartered firm had not yet received approval from the China Securities Regulatory Commission for its London listing, two of the people told Reuters. The company plans to file a draft prospectus in Hong Kong in the coming weeks, one person told the news agency, and it aims to go public within the year, two people said.

Shein ...