Pins matching company:Shein

Shein confidentially filed IPO papers with the UK's Financial Conduct Authority in early June 2024, sources told Reuters, seeking a London Stock Exchange listing reportedly worth around £50 billion. The filing still needed sign-off from China's securities regulator before Shein could proceed.

Shein confidentially filed a draft prospectus with the Hong Kong Stock Exchange in mid-2025 after its London listing stalled without approval from Chinese regulators, having already released the communications firms it had hired to support the London plan. The switch set up a Hong Kong-only listing a year later.

France's competition and fraud authority, the DGCCRF, fined Shein €40 million on 3 July 2025 after a year-long investigation found most of its promoted discounts were not genuine price reductions. It also found Shein could not justify environmental claims made on its site.

France's government said on 5 November 2025 that it was suspending Shein's e-commerce platform in the country after the DGCCRF found the marketplace selling sex dolls "with a childlike appearance." Economy Minister Roland Lescure had warned two days earlier that Shein could be barred from the French market entirely if such listings recurred.

Shein opened a permanent corner covering more than 1,000 square metres on the sixth floor of the BHV Marais department store in Paris on 5 November 2025, its first physical store anywhere in the world. The opening drew protests and a heavy police presence.

A Paris judicial court ruled on 19 December 2025 that Shein would not have to suspend its French website for three months, rejecting the government's bid to enforce a shutdown sought after the platform's childlike-sex-doll listings. The court instead ordered Shein to add genuine age verification for adult products.

Shein's shares fell 9% in their Hong Kong Stock Exchange trading debut on 1 September 2026, after an IPO that raised about HK$13.60 billion ($1.74 billion) at HK$48.56 a share and valued the fast-fashion retailer at roughly $26.5 billion. That is close to a quarter of the $100 billion valuation Shein commanded in a 2022 private funding round.