business
Shein Receives Chinese Approval for Hong Kong Listing
Shein received regulatory clearance from Chinese authorities for its planned initial public offering in Hong Kong. The approval comes as the company's business growth slows, which could limit the valuation it achieves in the offering. @business reported the development.
Jul 13, 7:23 PM·1m read1 source
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Shein has obtained Chinese regulatory approval for its planned Hong Kong listing, @business reported. The clearance ends a period of waiting for the fast-fashion retailer to move forward with the offering. Shein’s business growth is slowing, the report stated.
That slowdown may affect the valuation the company can achieve in its IPO. The approval marks a key step for the listing process despite the growth trend.
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