HONG KONG, July 17 (Reuters) – Shein has won approval from the Hong Kong stock exchange listing committee for an IPO, three people with knowledge of the matter said on Friday, bringing the fast-fashion retailer closer to its much-awaited stock market debut in the Asian financial hub.
The IPO would be one of Hong Kong’s most closely watched listings in years and a major test of investor appetite for large consumer deals, after Shein’s earlier efforts to list in New York and London stalled amid regulatory scrutiny.
The sources declined to be named as they were not authorised to speak to the media. Spokespersons for Shein and the Hong Kong stock exchange did not immediately respond to requests for comment from Reuters on the hearing process outcome.
(Reporting by Kane Wu and Selena Li in Hong Kong; Yantoultra Ngui in Singapore and Helen Reid in London; Editing by Sumeet Chatterjee and Muralikumar Anantharaman)
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