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London calling: Unpicking Shein’s likely IPO

Fast fashion giant Shein looks set for flotation in London after plans for New York fell apart. What are the implications for the fashion industry as Shein’s business model comes under scrutiny?
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Photo: Yuichi Yamazaki/AFP via Getty Images

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Nothing is confirmed, but fast fashion giant Shein looks increasingly likely to launch an IPO in London with a valuation of at least £50 billion. This follows an attempt in late 2023 to go public in the US, abandoned after pushback from US lawmakers and multiple regulatory hurdles.