Yahoo TV

STORY: Shein has already filed papers for a London share listing.

That’s according to Reuters sources, who say the fast fashion firm confidentially made the move in early June.

It’s not clear when the share sale might now take place.

China-founded Shein began to explore a London listing early this year.

That was after its original plan to list in New York ran into opposition.

U.S. lawmakers have raised concerns over labor practices in the company’s supply chain.

Known for its cheap clothing, the firm was valued at $66 billion in a fundraising round last year.

Now a listing in London would be a boost for the city’s stock exchange, which has struggled to attract big-name IPOs in recent years.

There was no comment on the latest reports from Shein or regulators.

If British watchdogs do give the green light, shares in the firm could potentially start trading within weeks.

The timing means it will probably have to deal with a new UK government, with polls pointing to a win for Keir Starmer’s Labour Party in the country’s upcoming general election.

The party has indicated support for Shein’s listing, but some senior Labour lawmakers have called for greater scrutiny of the company and its employment practices.