Fashion giant Shein has filed confidential paperwork for an initial public offering (IPO) in London, following complications with its original plan to list in New York due to U.S.-China tensions. The proposed London listing is valued at around $63 billion (£50 billion). However, the IPO faces significant challenges, including opposition from human rights groups. Stop Uyghur Genocide, a UK-based human rights organization, has launched a legal campaign urging the Financial Conduct Authority (FCA) to block the listing over concerns about Shein's labor practices, particularly allegations of forced labor in its supply chain. Amnesty International has also criticized the potential IPO, calling it a 'badge of shame' for the London Stock Exchange. Additionally, Shein is keeping the option of a Hong Kong IPO as a backup plan.
🇬🇧 Do we really want a Shein IPO? https://t.co/iZT7ixK6ey
🇨🇳 Shein keeps option of Hong Kong IPO as back-up plan https://t.co/ej7VaHUoRI
Scoop to end the week: Shein is keeping alive a backup plan for a Hong Kong listing as it faces rising scrutiny in the UK and China With the team https://t.co/eeAAII8aJY
Shein keeps option to list in Hong Kong as backup, FT reports https://t.co/IvZPFosm8i https://t.co/XUK44LHMY5
🔵 SHEIN KEEPS OPTION OF HONG KONG IPO AS BACKUP PLAN, FT REPORTS Online fast-fashion group Shein is keeping alive a fallback option to list in Hong Kong despite filing confidential paperwork earlier this month with the UK's financial regulator, Financial Times reported on… https://t.co/m4ss1pifNo
⚠️ SHEIN KEEPS OPTION OF HONG KONG IPO AS BACK-UP PLAN- FT
Shein keeps option of Hong Kong IPO as back-up plan https://t.co/Vgg0scasy4
Britain’s financial regulator is urged to block Chinese fast-fashion retailer Shein’s planned blockbuster flotation on the London Stock Exchange due to its alleged use of Uyghur forced labor at some of Shein’s cotton suppliers in China’s Xinjiang region. https://t.co/TIqhgFWqnl
A human rights group has launched a legal bid to block Shein’s expected share listing in London. Stop Uyghur Genocide has written to Britain’s Financial Conduct Authority, urging it to refuse permission for an IPO https://t.co/LLipWgpb3L https://t.co/bdOB6PjI7p
#UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block #Shein’s potential London listing over concerns about its labor practices, a law firm representing the campaign group says. https://t.co/CX8ISXbD4H
A human rights group has launched a legal campaign to try and stop Shein from listing on the London Stock Exchange It is urging UK regulators to refuse the multi-billion pound share sale on forced labour concerns @DavidConnett1 reports https://t.co/zoNcxJUx2s
UK human rights group launches campaign to stop Shein's potential London IPO https://t.co/rblwUOx48K https://t.co/6ZdcmkfDj2
UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein's potential London listing over concerns about its labor practices, a law firm representing the campaign group said https://t.co/LLipWgpb3L https://t.co/x1fp6jsBk4
🇬🇧 Human rights group calls on regulator to block Shein’s London IPO https://t.co/ofQ8AupJT0
🇬🇧 What Shein needs to avoid a London IPO bust https://t.co/iQDYsXq7ei
FCA urged to block Shein London listing over forced-labour concerns https://t.co/uPygorsl2y via @ft
Shein IPO latest. https://t.co/J7lLMk63qh
UK-based human rights group Stop Uyghur Genocide has launched a legal campaign to block Shein's potential London listing over concerns about its labour practices, a law firm representing the campaign group said https://t.co/UHQKVT95Kv
⚠️ FCA URGED TO BLOCK SHEIN LONDON LISTING ON FORCED-LABOUR CONCERNS- FT
🇬🇧 Shein filed London IPO paperwork in early June https://t.co/cQv79aLcdx
U.S. Investors to Miss Out as Shein Eyes London Listing @AlexFrewMcMilla @TheStreet https://t.co/xMzsyGNCCq
🔵 SHEIN'S POTENTIAL IPO TO BE A 'BADGE OF SHAME' FOR LSE, AMNESTY INTERNATIONAL SAYS Amnesty International UK said on Tuesday Shein's potential London initial public offering would be a "badge of shame" for the London Stock Exchange because of the fast-fashion firm's… https://t.co/wIhJOU56Wy
Shein filed papers for London listing in early June - Reuters https://t.co/btotLodhWk https://t.co/2wmml9SDNr
Controversial Chinese-based fast fashion company Shein quietly filed for an IPO earlier this month in London, valued at around $63 billion according to several outlets, including the Wall Street Journal and CNBC. https://t.co/R92LCTCoPY
Fashion giant Shein moves closer to London listing https://t.co/WPXcvYNC3I
Shein has already filed papers for a London share listing. That’s according to @Reuters sources who say the fast fashion firm confidentially made the move in early June https://t.co/rIoYoETruc https://t.co/Ym8LzxzLBY
📽️ WATCH - SHEIN FILED FOR LONDON LISTING IN EARLY JUNE, SOURCES SAY Shein confidentially filed papers with Britain's markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year. https://t.co/y4SllecIdZ
Shein confidentially filed papers with Britain's markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in the year https://t.co/rIoYoETruc https://t.co/Ne1p9JjVJJ
🇬🇧 Shein confidentially files for IPO in London without support of the British Fashion Council https://t.co/2ostzBT54e
🇬🇧 Shein files confidential paperwork ahead of possible London listing https://t.co/IXSpW88TNC
🇬🇧 SHEIN's proposed £ 50 billion London listing in trouble https://t.co/aOkjiiNsYx
Fashion giant Shein has filed confidentially to go public in London, a compromise after the China-founded company’s plans to list in New York became mired in difficulties https://t.co/KLXuyBMHuw https://t.co/KLXuyBMHuw
Shein files confidential paperwork ahead of possible London listing https://t.co/LKm51JV6kW
Fashion Empire Shein Has Filed for London IPO—Confidential filing earlier in June comes after U.S.-China tensions hit New York plans @shenlulushen @raffaelehuang @BenDummett https://t.co/xV2WkkdRVK https://t.co/xV2WkkdRVK
Fashion Empire Shein Has Filed for London IPO https://t.co/sGxrNkPYs1