Chinese fast-fashion giant Shein has reportedly filed confidentially for an IPO in Hong Kong. That’s not surprising — it’s been working on a listing for nearly three years. What’s notable is the apparent strategy.
According to MainFT, the move is meant to pressure the UK’s Financial Conduct Authority into accepting China-approved risk disclosure language for a potential London listing.
As MainFT reports (with Alphaville’s emphasis added below):
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