Overview

• 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.