Shein is still looking to IPO

4 hours ago 4

Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April. 

The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over the company’s connections to China and labor malpractices. Its foray into London is also not coming without concern: Reuters reports that a senior UK lawmaker raised concerns Thursday to the LSE about Shein’s supply chain and forced labor.

Shein has also faced controversy for its sustainability practices, since it is one of the leaders of fast fashion practices causing harm to the environment, according to Time.

Read Entire Article