Shein has taken a significant step towards a public offering by submitting a confidential listing application to the Hong Kong Stock Exchange, meeting a key prerequisite for a listing hearing, according to a July 10 filing from a department of the China Securities Regulatory Commission reported by KrASIA.
Previously, Shein had considered listing on the US stock market as early as the beginning of 2020 but ultimately shelved those plans. The company also explored a potential listing on the London Stock Exchange, which did not come to fruition, KrASIA noted.
For Japanese investors, Shein's move to pursue a Hong Kong IPO highlights the growing importance of Asian equity markets as a venue for major technology and consumer brands seeking capital, reflecting a broader regional shift in listing preferences.