From Yahoo Finance: 2025-05-28 10:37:00

Shein shifts focus to Hong Kong listing after setbacks in London and New York. The fast-fashion giant aims for a $90 billion U.S. IPO, facing scrutiny over alleged forced labor. Shein considers cutting valuation to $30 billion for London IPO amid regulatory hurdles and opposition from UK lawmakers and human rights groups. Approval secured from Britain’s FCA, but still awaiting Chinese regulator nod. Shein drops communication firms in a sign of IPO challenges.

Read more: From New York to London to Hong Kong