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Shein looks to London for IPO

Market sources indicated yesterday that due to obstacles surrounding its New York listing, the Chinese fast-fashion cross-border e-commerce platform Shein is considering listing in London instead. Currently headquartered in Singapore, Shein submitted a confidential IPO application to the US Securities and Exchange Commission last year. Insiders noted that there is currently no timetable for SEC approval of Shein’s IPO and listing in the US. Therefore, the company is considering the possibility of IPO and listing in other markets. If implemented, it will need to re-submit its application to Chinese regulatory authorities for listing in new overseas locations. In addition to London, the company is also considering the possibility of listing in Singapore or Hong Kong.

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