1 of 1
Story summary
- Shein will list on Hong Kong’s stock exchange next week, abandoning a planned London flotation.
- Shein’s valuation dropped to $27 bn (£20 bn), far below the £50 bn London estimate.
- Shein turned down a New York IPO amid U.S.-China tensions and labour-practice scrutiny.
- British Labour ministers and the FCA courted Shein as a tech-driven market boost.
- Shein’s European general counsel refused to answer a Commons committee’s cotton-sourcing question, drawing criticism.
