Shein Confirms Plans for London IPO Amid Regulatory and Market Challenges

The fast-fashion giant aims to increase transparency and accountability while addressing scrutiny over its practices and valuation.

Shein has publicly confirmed its intention to pursue a stock market listing, with London expected to be the preferred location after U.S. regulators rejected its New York IPO plans.
The company’s valuation remains a contentious topic, with some stakeholders reportedly pushing to reduce it from $66 billion to $30 billion, though Shein's leadership denies any formal discussions on this matter.
Shein faces significant challenges, including potential U.S. tariff changes under President Trump's trade policies and ongoing scrutiny over labor and environmental practices.
Donald Tang, Shein's executive chairman, emphasized the company's goal to embrace transparency and public accountability while rejecting allegations of worker exploitation and environmental harm.
Despite reporting a 40% decline in net profit in 2024, Shein continues to highlight its global expansion and customer-centric business model as key drivers of growth.