After encountering regulatory obstacles and resistance from US politicians during its effort to go public in New York, fast-fashion behemoth SHEIN is intensifying plans for a London listing, according to two individuals with knowledge of the situation.
As soon as this month, one of them stated, the online fashion retailer intends to file with the London Stock Exchange (LSE) and notify China’s securities regulator about the change in the IPO venue.
SHEIN, which one source claims was valued at US $ 66 billion during a fundraising last year, began corresponding early this year with the teams of its financial and legal consultants stationed in London in order to investigate a listing on the LSE, according to the source and another individual with knowledge of the situation.
Prior to the anticipated float, the China-based fashion brand has also requested initial talks with fund managers located in London, according to a second source with firsthand knowledge of the situation. The LSE declined to respond, as did SHEIN. A request for comment from the China Securities Regulatory Commission (CSRC) was not answered.
According to insiders, SHEIN approached the CSRC in November to request Beijing’s approval after filing in confidence for an initial public offering (IPO) with the U.S. Securities and Exchange Commission.
According to a different source, SHEIN was notified by the CSRC earlier this year that the regulator would not advise a US IPO because of the company’s supply chain problems.
According to the second source, SHEIN is now preparing for a London IPO, but it still wants to list in New York and intends to maintain its SEC filing in case US regulators change their minds. The second source stated that after its London IPO, if it thinks the U.S. political environment is more favourable, it might also pursue a secondary US listing in New York.
Bharat Tex Special Report 2026 
