IPO News | Chuanxiyin is advancing preparations for the Hong Kong IPO or starting in the next few months

The Zhitong Finance App learned that, according to reports, China's fast fashion apparel sales platform SHEIN (SHEIN) is preparing for a possible Hong Kong initial public offering (IPO). People familiar with the matter said that if approved by the China Securities Regulatory Commission, SHEIN and its advisors may seek to launch this IPO within the next few months as soon as possible.

People familiar with the matter said that the company is considering raising billions of dollars in this IPO, and said the final amount will depend on the valuation. They added that although related work is in progress, there is currently no clear timeline, and the listing may be further delayed.

According to reports, SHEIN has always faced pressure from shareholders to lower its valuation to about 30 billion US dollars, and the company's past valuation has reached more than three times this level.