Fast-fashion company Shein is considering the possibility of switching its initial public offering to London from New York because of hurdles to the listing in the US, according to people with knowledge of the matter.
Speculation mounted on Tuesday that Chinese-founded "fast fashion" giant Shein was mulling floating on the London Stock Exchange, with Sky News reporting that the UK government has held talks with its boss.
Fashion company Shein is seeking Beijing s nod to go public in the U.S., a decision which could delay its float plans. The Singapore-based company, valued at $66 billion in a May fundraising, filed with the Chinese regulator in November to comply with new listing rules for local firms.
Fast-fashion 2.0: Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M. Shein s low prices - $5 t-shirts and $10 sweaters - also draw shoppers who might have otherwise shopped at clothing discount stores.
Shein accounted for nearly one-fifth of the global fast-fashion market in 2022, outpacing Zara and H&M. Shein s low prices - $5 t-shirts and $10 sweaters - also draw shoppers who might have otherwise shopped at clothing discount stores.