Shein Considers London IPO Over New York Amid Regulatory Concerns

The fast fashion giant's potential move could revitalize the London Stock Exchange, facing scrutiny from US lawmakers over supply chain practices.

Shein, the Chinese fast fashion giant, is considering moving its IPO from New York to London amid concerns over US regulatory approval.
The potential move to London is seen as a significant boost for the London Stock Exchange, which has faced challenges in attracting new listings.
US lawmakers, including Senator Marco Rubio, have raised concerns over Shein's supply chain and its ties to the Chinese Communist Party.
Shein has committed to investing $15 million in improving standards at its supplier factories after admitting to breaches of local regulations.
The company, valued at over $100 billion last year, operates in more than 150 countries and competes with major e-commerce platforms.