Shein has confidentially filed for a London listing in what could be one of the world’s biggest IPOs of the year.
The Chinese fast fashion giant filed for its London Stock Exchange IPO listing at the start of the June, Reuters reported.
The firm began exploring a listing on the London Stock Exchange early this year after its original plan to list in New York collapsed following opposition from US lawmakers.
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Shein has been criticised for using suppliers who exploit low-paid garment workers to sell its clothes at knockdown prices.
In 2022, a Channel 4 undercover investigation into factories supplying Shein showed that factory workers were working up to 18 hours a day including at weekends, and had just one day off per month, while being paid 3p per garment.
In May, it was reported that former Chancellor Sajid Javid had been in discussions about a potential advisory role to Shein.
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