Shein Pursues London IPO Amid Forced Labor Allegations

The fast-fashion giant shifts its IPO plans to the UK after facing regulatory hurdles and backlash in the US.

Shein confidentially filed for a London IPO in early June, targeting a valuation around $66 billion.
The company faced opposition in the US due to allegations of forced labor and ties to the Chinese government.
UK's Labour Party has met with Shein, showing potential support despite concerns from lawmakers.
Approval from both UK and Chinese regulators is still pending for the IPO to proceed.
Shein's move could rejuvenate the London Stock Exchange, which has seen a decline in major IPOs.