Accordingly, the company plans to submit a prospectus design to the Stock Exchange in Hong Kong in the coming weeks. At the same time, Shein is said to have asked the Chinese securities supervisory authority CSRC for approval – a prerequisite for the stock exchange approaches of Chinese companies abroad. So far, this information has not been officially confirmed.
Shein originally had an IPO in New York in the eye, but had given way to London after political hurdles in the United States had made it difficult for the process. The British financial supervision FCA had already given the green light for an initial note in the spring. However, the approval of the Chinese authorities is still pending.
Another obstacle remains the customs conflict between China and the United States, through which shein has to pay tariffs of up to 30 % for deliveries to the United States – a fact that could burden the company’s evaluation.
So far, Shein has not commented on request. The financial supervisory authorities in London and Hong Kong also refused to comment.
