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Shein wins Labour support as it prepares £50bn London listing
Labour politicians have met Chinese fast-fashion retailer to discuss IPO, according to report
The Chinese online fashion company Shein is poised to file paperwork for London’s biggest ever stock market flotation, after attempts to list its shares in the US hit the buffers. The £52bn retailer is reportedly close to confidentially filing a prospectus for the listing on the London Stock Exchange to the Financial Conduct Authority as early as this week. Shein’s decision to opt for London comes after an initial effort to float in New York was derailed when politicians and regulators raised concerns about tensions between Beijing and Washington.
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