Shein Targets London for IPO Amid Controversy

Shein Targets London for IPO Amid Controversy
Shein is reportedly preparing for an initial public offering (IPO) on the London Stock Exchange, potentially as early as April. This move follows the company's unsuccessful attempts to list in the U.S. due to regulatory scrutiny over its ties to China and labor practices. Concerns have also been raised by a UK lawmaker regarding Shein's supply chain and allegations of forced labor. Additionally, the fast-fashion giant faces ongoing criticism for its sustainability practices, contributing to environmental harm.