Fast-fashion giant Shein is intensifying its efforts to list on the London Stock Exchange after facing regulatory challenges and legislative opposition in the United States. The company's plans for an initial public offering (IPO) in New York were impeded by regulatory hurdles and pushback from US lawmakers over concerns including alleged labor malpractices, according to two sources. In response, Shein is now focusing on a London listing, aiming to file as soon as May. This move is seen as a significant boost for London, with Shein's potential listing valued at approximately £53 billion. Additionally, Shein has faced rejections from the National Retail Federation (NRF) in its attempts to join the industry's largest trade association.
🇺🇸 Shein has attempted to become a member of the National Retail Federation, the industry’s largest trade association, numerous times but has been rejected https://t.co/AKCejb6jXy
Shein has attempted to become a member of the National Retail Federation, the industry’s largest trade association, numerous times but has been rejected, CNBC has learned. https://t.co/9JOQZ9Aiur https://t.co/qsvXZRrbd8
WATCH: Shein looks to be headed for a share sale in London, according to two @Reuters sources. The fast-fashion giant has faced regulatory hurdles and pushback from lawmakers in Washington over alleged labor malpractices https://t.co/kOOjen3IIn https://t.co/fTq19TkvsT
Shein looks to be headed for a share sale in London, according to two @Reuters sources. The fast-fashion giant has faced regulatory hurdles and pushback from lawmakers in Washington over alleged labor malpractices https://t.co/6AFAgKaLPH https://t.co/RbkUFJ8HtA
Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected https://t.co/ELBvBtsrwM
Shein prepares London IPO as US listing effort stalls: report https://t.co/Dt0sCb1EH2
WATCH: 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 US lawmakers, two people with knowledge of the matter said https://t.co/kOOjen4gxV https://t.co/Uw2U4wIKZY
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 US lawmakers, two people with knowledge of the matter said https://t.co/6AFAgKaLPH https://t.co/GLKzjS0HDO
📽️ WATCH - SHEIN STEPS UP LONDON IPO PREPARATIONS AMID U.S. HURDLES TO LISTING, SOURCES SAY 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… https://t.co/xBJiWWwLZx
Sources: Shein steps up preparations for a London listing amid regulatory hurdles for a New York IPO; source: Shein plans to file in London as soon as May (Reuters) https://t.co/ZBwS6CoLkH 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/cW8kshTN0E
🇬🇧 Shein accelerates plan for London Stock Exchange listing after US hurdles https://t.co/iyuv5pNOcL
🇬🇧 Boost for London as Shein steams ahead with £53bn listing plan https://t.co/QfpEmF8f4k
Exclusive: 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 US lawmakers. More here - https://t.co/XaUDesXl8C
Exclusive: 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 US lawmakers https://t.co/diU7xSx5AD
Shein ‘steps up plan for London IPO’ amid US listing hurdles - Guardian https://t.co/wpKjolB9l7
🇬🇧 Shein ‘steps up plan for London IPO’ amid US listing hurdles https://t.co/eaNC9VKGv8
Exclusive: Shein steps up London IPO preparations amid U.S. hurdles to listing, sources say https://t.co/QUz8xCPhWd https://t.co/sOPcSQOhCc
⚠️ EXCLUSIVE-SHEIN STEPS UP LONDON IPO PREPARATIONS AMID U.S. HURDLES TO LISTING, SOURCES SAY Full Story → https://t.co/IBwr5CWKSw Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles… https://t.co/mNRDp5dm5f
I thought you would be interested in this story from The Times: London Stock Exchange says IPO pipeline is ‘building up’. https://t.co/jVO6wnDBNF https://t.co/fkXwBW3Lpp