According to a Reuters report, retail giant Shein has filed for an initial public offering (IPO) on the London Stock Exchange. This move follows the company's unsuccessful attempt to list on the New York Stock Exchange last November.

Yahoo Finance's Brad Smith breaks down the details.

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This post was written by Angel Smith.

Video Transcript

Fast fashion retailer Shean filing for a London IP O confidentially that could happen later this year.

This was first reported by Reuters and it comes against the backdrop of a potential US listing that stalled the company had confidentially filed for a US IP O last November but it failed to win the support of American lawmakers.

The company which is based in China has faced mounting backlash tied to allegations of force labor in its supply chain X and began exploring a listing on the London Stock Exchange early in 2024.

According to reports, IP O experts told C NBC that the US offering is becoming increasingly unlikely and a London IP O could circumvent some of the expected hurdles in the US.

She and previously sought China's approval to go public in the US, but it's unclear if it is signed off on the company's London listing.