Shein is preparing to list on the Hong Kong Stock Exchange, marking a significant strategic pivot after unsuccessful attempts to go public in New York and London.
The draft prospectus reveals the company’s latest financial position as it seeks to raise capital in a more favorable regulatory environment.
The move comes as the fast-fashion retailer navigates increasing headwinds from US trade policy.
Shein has pointed to tariff measures under the Trump administration as a key factor influencing its decision to abandon Western markets for its initial public offering.
This shift underscores the growing sensitivity of global e-commerce giants to geopolitical trade risks.
Financially, the company is facing pressure.