New Stock News | It is reported that SHEIN may launch a pre-IPO roadshow in Hong Kong on Thursday.

Reports cite informed sources stating that China's fast fashion apparel sales platform SHEIN plans to assess investor demand for its initial public offering (IPO) in Hong Kong as early as this week. According to the sources, SHEIN may launch its pre-roadshow on Thursday. Regarding regulatory approvals, the China Securities Regulatory Commission issued a notice for the filing of overseas issuance and listing on July 10, approving SHEIN to issue no more than 342 million ordinary shares for overseas listing and to be listed on the Hong Kong Stock Exchange. Public information shows that SHEIN was founded by Xu Yangtian in Nanjing in 2008 and relocated its headquarters to Singapore in 2021. The company collaborates with Chinese suppliers, with a business model focused on overseas markets.