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Industry Talk

Shein London IPO would wipe out UK rivals

Ultra-fast fashion leader’s next move has major market implications.

22nd May 2024

Knitting Industry
 |  London

Knitted Outerwear

Fast-fashion giant Shein, founded in China in 2012 but based in Singapore since 2021, is currently deciding whether to launch an initial public offering (IPO) on the London Stock Exchange (LSE) or on Wall Street.

An initial public offering in London could value the company at around £50-60 billion, even as neighbouring France is planning a bill to crack down on fast fashion and impose penalties on low-cost clothing to cover environmental impact, specifically targeting Shein.

FTSE boost

E-commerce fulfilment expert Parcelhero observes that while rivals struggle, Shein is bucking the trend in fast fashion by continuing to register significant profits. A successful London IPO would boost the FTSE 100 but could ultimately spell the demise of Asos and Boohoo.

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