Shein gains UK approval for London IPO, awaits China nod, sources say

Shein, the fast-fashion giant, has secured initial approval from UK regulators for its London IPO, a significant step after confidential filings last June. However, the China-founded company faces hurdles including potential tariffs and regulatory approvals from China. These challenges, along with market volatility, could delay the IPO, potentially impacting Shein's valuation, which was previously estimated at $66 billion.