Shein Secures UK Approval for London IPO, Awaits Chinese Regulatory Clearance

The fast-fashion giant moves closer to a London stock market debut but faces challenges from escalating trade tensions and pending Chinese approval.

Shein has received approval from the UK's Financial Conduct Authority (FCA) for its planned London IPO, marking a significant step in its listing process.
The company is still awaiting approval from China's Securities Regulatory Commission (CSRC), a critical requirement under Beijing's offshore listing rules.
Recent U.S. trade policies, including a 145% tariff on Chinese goods and the removal of the de minimis duty exemption, are pressuring Shein's valuation and IPO timeline.
Shein has reportedly adjusted its valuation outlook, potentially lowering it to $50 billion, down from a previous $66 billion estimate in 2023.
The shift to a London IPO follows U.S. regulatory pushback over supply chain practices, as Shein faces ongoing scrutiny regarding labor and sustainability concerns.