Shein looks at moving back to China for Hong Kong listing after London IPO stalls
by Sarah Butler from World news | The Guardian on (#6ZDQ7)
Fashion retailer considered 50bn float in London but has not received backing from Chinese authorities
The online fashion retailer Shein is understood to be considering moving its base back to China from Singapore to pave the way for a Hong Kong listing.
The business, which was founded in China and moved its headquarters to Singapore in 2022, had been considering a 50bn float in London after failing to win approval from regulators in the US for a New York flotation.
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