New Stock News | Chuan Xi Music is advancing its Hong Kong IPO preparations and may launch in the coming months.

According to reports, Chinese fast fashion clothing sales platform SHEIN is progressing with potential preparations for its first initial public offering (IPO) in Hong Kong. Sources familiar with the matter said that if approved by the China Securities Regulatory Commission, SHEIN and its advisors could potentially seek to launch this IPO in the coming months. Insiders said that the company is considering raising billions of dollars in this IPO, and the final amount will depend on the valuation. They added that although the related work is progressing, there is currently no clear timetable, and the listing may be further delayed. It is reported that SHEIN has been under pressure from shareholders to lower its valuation to around $30 billion, as the company's previous valuation had reached over three times that level.