Deliberations are preliminary and Urban Revivo may decide not to list, the people said. A representative for Urban Revivo did not immediately respond to a request for comment.
Formed in 2006, Urban Revivo has more than 400 stores in China, according to a June press release. The company, which launched its Benlai range in 2022, also sells to customers online and aims to rival established brands such as Hennes & Mauritz AB and Inditex SA’s Zara.
Urban Revivo also has outlets in Singapore, Thailand and the Philippines.
IPO capital raised in Hong Kong totalled US$1.5 billion over Jan 1 to June 18, the lowest amount since the global financial crisis, as depressed stock valuations delayed listing plans, Bloomberg Intelligence analysts Sharnie Wong and Lucy Wang wrote in a note last week.
