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UK’s Jeremy Hunt met Shein boss in attempt to lure firm’s IPO to London

Chancellor in talks with fast-fashion company as it believes it unlikely that SEC will approve US flotation

Jeremy Hunt has met the boss of Shein in an attempt to persuade the fast fashion retailer to float on the London stock market, as it emerged the company has run into potential problems with a listing in the US. Shein, which was founded in China but is headquartered in Singapore, is in the early stages of exploring a London listing because it believes it is unlikely that the US Securities and Exchange Commission would approve its initial public offering (IPO), Bloomberg reported. Danni Hewson, head of financial analysis at AJ Bell, said: “Having one of the most disruptive names in retail float in the UK would certainly do wonders to help fix the London Stock Exchange’s damaged reputation as a listing venue.

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