Shein Once Chased a $100 Billion IPO. Now It's Preparing to Go Public at Half That Value

The Singapore-headquartered retailer reportedly plans to publish its first public listing document during the week of July 27, with the IPO potentially launching as early as late August if market conditions remain favorable. (Credit: Julie Sebadelha/AFP via Getty Images)

Shein has cleared a major hurdle in its years-long effort to secure an IPO after securing approval from the Hong Kong Stock Exchange's listing committee, according to different reports.

The decision moves the fast fashion giant closer to launching one of the most anticipated initial public offerings in Asia following unsuccessful attempts to list in New York and London amid mounting regulatory scrutiny.