Fast-fashion giant Shein is set to face a critical hearing with the Hong Kong stock exchange on Thursday as part of its initial public offering process, according to two sources familiar with the situation who spoke on condition of anonymity due to the sensitive nature of the information.
The hearing represents a major milestone for the rapidly growing retail company, which has been working toward a public market debut for some time. Earlier on Friday, Shein cleared one of the biggest hurdles in that process when China’s securities regulator gave the green light for the company to pursue its Hong Kong IPO.
The sources who provided this information were not identified publicly because the details remain confidential. Shein had not responded to a request for comment at the time of reporting.
