After working on its London IPO for over a year, fast fashion giant SHEIN is reportedly abandoning these plans and instead setting its eyes on Hong Kong. The move, which was made after Chinese regulators declined it,

First it was New York, then London, but reports this morning suggest that Hong Kong might be where the Shein IPO finally lands amid ongoing regulatory roadblocks.

China-founded e-commerce platform Shein is reportedly looking to go public in Hong Kong rather than London as its UK initial public offering plan stalls.