Shein's Hong Kong IPO valued the fast-fashion giant at US$27bn after failed US and UK listings, reflecting years of ESG, governance and regulatory scrutiny.

TXSE’s launch may look like a modest market debut, but it could mark a more significant shift in how companies balance management power and shareholder rights.

US SEC Chair Paul Atkins has launched a campaign to roll back what he calls “regulatory creep,” outlining a plan to “make IPOs great again” during recent testimony to the US House Financial Committee.