Shein has received approval from British regulators for its planned initial public offering in London, according to two sources familiar with the situation. This represents a significant advancement for the China-founded company’s ambitions to list in London.
The online fast-fashion retailer submitted its IPO application to the UK’s Financial Conduct Authority (FCA) last June. However, it must navigate market instability resulting from U.S. President Donald Trump’s tariffs, which impose a 145% levy on Chinese goods and stricter regulations on duty-free shipments from China to the U.S.
Shein offers affordable fashion items, such as $10 dresses and $12 jeans, in over 150 countries. The company was valued at $66 billion during its last fundraising round two years ago.
Sources indicate that Shein still requires approval from Chinese regulators for the London listing. One source mentioned that the company has notified Beijing about the FCA’s approval but has yet to receive confirmation from Chinese regulatory authorities.