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Shein has a green light from the UK Financial Conduct Authority for a planned initial public offering in London, Reuters reported on Friday. Citing two sources familiar with the process, Reuters reported that the FCA has approved Shein’s UK IPO. Referencing the same sources, Reuters reported that fast fashion firm Shein also needs approval from Chinese watchdogs for the London Stock Exchange listing. Reuters reported that Shein has informed the China Securities Regulatory Commission of the FCA backing. However, the Chinese regulator is yet to give a green light. The executive chair of Shein last month reportedly confirmed that the fashion firm wants to be listed on the stock market. Donald Tang told The Times newspaper that the company wants to be ‘in the fish tank for everybody to examine in the public square’. Tang said: ‘We want to be a listed company.’ He also told the newspaper that Shein wanted to ‘embrace the accountability and transparency of being a public company’. However, Tang did not confirm if London was the favoured destination. He said: ‘London has super-high, very respectable regulatory standards. The prime minister has said that. Both parties have said that. And we admire that very much.’ Shein, founded in China and now based in Singapore, has encountered hurdles in its IPO efforts, including political pressure in the UK over alleged supply chain and labour abuses. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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