Shein scheduled for Hong Kong IPO hearing on Thursday, sources say

(Corrects typo in ‌second paragraph)

By Helen ​Reid ​and Kane Wu

LONDON/HONG KONG, July 13 (Reuters) - Fast-fashion retailer Shein is scheduled for a Hong ‌Kong initial public offering hearing with the city's ⁠stock exchange on Thursday, two sources with knowledge of the matter ‌said, a step which ‌will bring it closer to its much-awaited market debut.

The fast-growing e-commerce company on Friday received Chinese securities ​regulator's nod to go ahead with its Hong Kong IPO plan, which marks the removal of ⁠a major hurdle in its long journey of going public.

The sources could not ​be named as the information was confidential.

Shein did not immediately respond to a Reuters request ​for comment.

The company will need ‌to answer questions from members of the Hong Kong Stock Exchange's listing committee during ⁠the hearing process.

Once Shein obtains clearance from the stock exchange, it can then proceed to conducting investor roadshows and ⁠launching bookbuilding for the IPO.

A source told Reuters on Friday the ​company could possibly aim to list in September or October, targeting a valuation of $40 billion to $50 billion.

Founded by Chinese-born entrepreneur Sky ‌Xu in 2012, Shein had to wait for a year for the green light ‌from Beijing for its Hong Kong IPO after confidentially ⁠filing the application last ‌July.

(Reporting by Helen ​Reid in London and Kane Wu in Hong Kong; Editing by Sumeet Chatterjee and Louise ‌Heavens)

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