Shein is working on plans to raise between $2bn and $3bn in an initial public offering (IPO) in Hong Kong, with the share sale possibly launching as early as August, reported Bloomberg, citing unnamed sources.
The online fast-fashion retailer received approval from China's securities regulator on 10 July, advancing its long-running push to list.
According to sources, the final amount to be raised has not been determined and will depend on the company's valuation and investor demand during the process.
The same sources said the plans are still subject to revision, with both the size and timing of the offering liable to change.
Bloomberg said Shein did not respond when contacted for comment.