Overview

• 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.