finance
Shein Gets Hong Kong Listing Approval From China Regulator
China's market regulator has cleared the fast-fashion group's Hong Kong IPO, opening a new listing pipeline for the city.
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Shein has received approval from the China Securities Regulatory Commission to sell up to 341.6 million shares on the Hong Kong stock exchange, according to a statement cited by hongkongfp.com. The listing would mark one of the larger mainland-linked floats this year.
The move adds to Hong Kong's pipeline of potential IPOs at a time when the city is seeking to rebuild primary-market activity. Local exchanges and intermediaries stand to benefit from the associated fees and ongoing trading volume.
Market participants will now watch the timetable and pricing process, which could influence sentiment toward other consumer and technology names considering a Hong Kong debut.
Sources: hongkongfp.com.
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