Shein Steers Tough Course in Pursuit of Blockbuster UK IPO
- US politicians called for probe into forced labor allegation
- Shein said it has a zero-tolerance policy for forced labor
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London bankers have waited more than two years for initial public offerings to bounce back. When news that fast-fashion upstart Shein could list first emerged at a potential £50 billion ($64 billion) valuation, the City saw a deal that could finally reverse the slump.
It won’t be easy. To deliver what could be one of the UK’s biggest-ever IPOs, the controversial e-commerce retailer will need to convince regulators, politicians and investors that it meets their standards for inclusion.