Shein is scheduled to face the Hong Kong stock exchange’s listing committee on Thursday, Reuters reported on Monday, citing people familiar with the matter. It is the final procedural gate before the fast-fashion group, which has spent three years and two continents trying to go public, can actually price a deal.
The hearing follows approval from the China Securities Regulatory Commission last Friday, which cleared Shein to issue up to 341.6 million H shares and gave it 12 months to complete the listing. That approval was the hard part, and it took a long time coming.
New York was the first plan, then London. Both collapsed under regulatory and political weight, and Hong Kong is what remains: a market Beijing controls, for a company Beijing was never going to let list anywhere it did not.
A listing in September or October is the working assumption, according to people cited by Reuters, though nothing has been confirmed by the company. Shein has declined to comment publicly on the timetable, and neither the exchange nor the company has announced the hearing date.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!The mechanics from here are routine. Clearing the listing committee lets Shein publish its prospectus, run investor roadshows, and set a price range, which is where the argument the company has been having privately with its own shareholders becomes public.
