HONG KONG/SINGAPORE : Chinese fashion retailer SHEIN is reviving plans to list in New York this year and its founder is considering a citizenship change to bypass proposed tougher rules for offshore IPOs in China, two people familiar with the matter said.The initial public offering , if finalised, would be the first major equity deal by a Chinese company in the United States since regulators in the world's second-largest economy stepped in to tighten oversight of such listings in July.
The Nanjing-based company is one of the world's largest online fashion marketplaces targeting overseas consumers. The United States is its biggest market. New rules issued by China's cyberspace administration and the offshore listing filing regime to be finalised by China's securities regulator are set to make a U.S. listing process for Chinese firms more complicated, if not lengthier.
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