Shein Group Considers China Relocation For Favorable IPO Conditions In Hong Kong

Fast-fashion retailer Shein Group is reportedly mulling over the idea of relocating its headquarters to China. This move is supposedly aimed at gaining approval from Beijing authorities for its proposed Initial Public Offering (IPO) in Hong Kong.

Relocation for IPO Approval

Shein Group, which currently has its headquarters in Singapore, is said to be in preliminary discussions with legal advisors about the possibility of setting up a parent company in mainland China. This information, however, has not been confirmed, as the discussions are still in the early stages. There is also no certainty as to whether Shein will proceed with this move.

Previous Attempts at Listing

Originally founded in China, Shein Group has spent a considerable amount of time trying to list, first in New York, then in London. The company, however, has met with resistance from politicians in both the US and the UK. These difficulties have been compounded by the inability to secure approval from China’s securities regulator for an offshore IPO, amidst rising tensions between China and the US.

At present, Shein Group is focusing on getting listed on the Hong Kong stock exchange.