Shein, a fast fashion e-commerce company based in China, is moving forward with plans for a London IPO, holding informal investor meetings while awaiting regulatory approval. The company, valued at $66 billion, is aiming to launch its offering in the current quarter, with its financial health and business case under scrutiny. Facing obstacles in the US, Shein is now shifting its focus to the London market, as it seeks approval from the UK’s Financial Conduct Authority and navigates potential challenges from European governments regarding tax exemptions.
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