Shein, the fast fashion firm originally founded in China and now based in Singapore, is abandoning its plans to list on the London Stock Exchange due to ongoing permissions issues from Chinese regulators. After securing the necessary approval from the Financial Conduct Authority, the firm now aims for a listing on the Hong Kong Stock Exchange instead. This transition comes amidst a challenging period for LSE, which has faced significant delistings, with 88 companies leaving for marketplaces that offer better trading activities and capital opportunities, predominantly to the US.
Shein is abandoning its efforts to list on the London Stock Exchange due to regulatory challenges and will instead pursue a listing on the Hong Kong Stock Exchange.
The fast fashion firm's move highlights the ongoing struggles of London's markets, which have seen a significant decline in listings and a mass exit of companies seeking more favorable conditions.
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