Shein will begin preparing a £50 billion UK IPO.

With intentions to list its company shares on the London Stock Exchange, Shein, the contentious fast-fashion behemoth whose fame shot during the Covid pandemic, may soon strengthen its ties to the UK.
This week is the earliest the Chinese corporation may submit the necessary papers, which might result in a valuation of $66 billion (£51.7 billion).
Shein has grown to become one of the biggest fashion retailers globally by offering a vast array of reasonably priced clothing, bolstered by influencer marketing initiatives on social media.
However, it has come under fire for its environmental policies and for allegedly using forced labor in its supply chain.
Shein’s representative declined to comment.
Two years after the option initially became available for US customers, the firm on Monday unveiled a resale marketplace for shoppers in France in an attempt to strengthen its green credentials.
Although a date has not been announced, the platform is expected to launch later in Germany and the UK.
After encountering difficulties and close scrutiny in the US, the corporation is considering selling its shares in the UK. Shein submitted paperwork to the US last November.