Reported 7 months ago
Shein, a fast-fashion retailer, is aiming for a potential blockbuster London IPO at a valuation of £50 billion ($64 billion) to revive the city's ailing IPO market. However, facing skepticism from critics regarding its environmental and labor practices, including allegations of forced labor, Shein must win over regulators, politicians, and investors to meet listing standards. Despite Shein's pivot to the UK amid US concerns, with the opposition Labour Party showing qualified support, the company will need to navigate ESG considerations and disclosure requirements to ensure a successful IPO in London's sluggish market that has garnered international attention.
Source: YAHOO