Shein has secured approval from the Hong Kong Stock Exchange's listing committee for its initial public offering, according to three people with knowledge of the matter.
The decision marks the final procedural step before the fast-fashion retailer can begin trading on the bourse, bringing the much-anticipated public debut significantly closer to reality.
The committee's nod follows formal clearance from China's securities regulator, which had previously removed the last domestic barrier to the listing.
With both the mainland regulator and the Hong Kong exchange now aligned, Shein is positioned to proceed with pricing and trading preparations.
The sequence of approvals underscores the coordinated regulatory path required for major Chinese tech and consumer firms seeking offshore listings.
For investors, the development signals that Shein is ready to transition from a private unicorn to a publicly traded entity, offering market participants a chance to value the company's rapid global expansion.