Clearance for fast-fashion chain from FCA and CSRC could take around three months as Labour support emerges
Shein confidentially filed papers with Britain’s markets regulator in early June, according to two sources, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year.
The China-founded company, which was valued at $66bn in a fundraising round last year, began to explore a listing on the London Stock Exchange early this year, Reuters reported in May, citing sources. Shein’s original plan to list in New York came unstuck after opposition from US lawmakers.
More Stories
Leading tax expert calls out ‘confected outrage’ of wealthy Australians over Labor’s $3m super plan
KFC plans to invest £1.5bn in UK and Ireland, creating thousands of jobs
Fight to stop Tesla project in South Australia to continue after council approval