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Shein希音已经以“保密形式”提交上市申请?
Sou Hu Cai Jing·2025-07-11 13:00

Group 1 - Shein has submitted a confidential application for a Hong Kong IPO, marking a significant step towards going public after previous failed attempts [1][3] - The company is currently considering the details of the IPO, including the timeline and scale, as it awaits approval from the Chinese regulatory authorities [1][3] - Shein's decision to use a "secret filing" approach aims to extend the preparation period and protect sensitive financial details from competitors and market speculators [3][4] Group 2 - Shein's valuation for its Pre-IPO fundraising in 2023 is set at $66 billion, a significant reduction of one-third compared to 2022, reflecting the changing attitudes of overseas markets, particularly the U.S. [3] - The company has faced regulatory challenges, including a recent €40 million fine in France for fraudulent pricing practices, which could impact its market perception [4] - Shein's strategy may also involve pressuring UK regulators by applying for a Hong Kong listing, as there are discrepancies in risk disclosure requirements between the UK and China [4]