Shein’s London IPO could go ahead, despite forced labour concerns

Shein’s potential IPO in London faces concerns over forced labor allegations in its supply chains, with advocacy groups pushing the FCA to block the listing. Despite this, FCA chief executive Nikhil Rathi seems inclined to approve the IPO, citing the need for transparent disclosure of risks to investors. If approved, Shein’s listing could be the largest in London’s history, signaling a potential boost for the subdued IPO market, with a target valuation of £50.3 billion in the first quarter of 2025.

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