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SHEIN intends to privately submit a draft prospectus for an initial public offering (IPO) in Hong Kong, amid rumors claiming that this move is a tactic to pressure UK regulators into expediting the listing process in London. However, SHEIN has categorically denied these allegations, stating that the relevant information is baseless and untrue. Should SHEIN successfully list in Hong Kong, it would significantly bolster Hong Kong's standing as a preeminent global financing hub.
Given that the majority of SHEIN's supply chain is based in China, the company had previously applied for a listing in London but faced delays in obtaining approval. This shift in focus to Hong Kong is perceived as a strategic maneuver in SHEIN's listing ambitions, underscoring the importance of the Asian financial market for the fashion retailer.
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