Shein Moves Closer To Listing On London Stock Exchange

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Chinese fast fashion firm Shein has filed initial paperwork taking it a step closer to listing on the London Stock Exchange, the BBC understands.

The online retail giant, which is based in Singapore but has extensive operations in China, filed the confidential papers with UK regulators recently, according to sources close to the process.

Shein became one of the biggest fashion retailers in the world during the pandemic, but has faced criticism over the environmental impact of its business model.

The firm has also come under fire for some of its working practices, which include allegations of forced labour in its supply chain – something the company denies.

Both Shein and the UK regulator, the Financial Conduct Authority (FCA), declined to comment on a potential London listing, which could value the company at about £50bn.

A company wishing to sell its shares in the UK must first apply to the FCA for a prospectus containing detailed financial information to be approved.

The filing of papers is the first stage of that process and brings the company a step closer to a listing in the UK – selling shares in the business on the London Stock Exchange – but doesn't necessarily mean it will end up listing there.