Exclusive-Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say

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Exclusive-Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say
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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonHONG KONG/NEW YORK - Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers, two people with knowledge of the matter said.

The plan for a U.S. IPO is still officially on the table, but the Singapore-based company has been struggling to clear regulatory hurdles both in the U.S. and China, amid lambasts from U.S. lawmakers on alleged labour malpractices and lawsuits from competitors. It may also pursue a secondary U.S. listing in New York following its London IPO when it deems the U.S. political climate to be more favorable, the second source added.

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