Companies

Shein confirms IPO plans

Mar 20, 2025 Singapore

The Singapore-based fast-fashion giant has confirmed it will press ahead with its IPO plans amid potential tariffs and an uncertain economic environment. London listing in the spotlight

Shein’s Executive Chairman Donald Tang has flown to London to discuss securing investors for the company’s proposed IPO. He told the Times that Shein wanted to be a public company “to embrace the … accountability and transparency of being a public company”.

Although he declined to comment on the timing, valuation and destination of a listing, this trip marks the official step towards a UK listing, after rumours of a US and Canadian listing had initially circulated.

Having faced various challenges with a US listing and amid economic uncertainty over Trump’s tariffs, Tang said he “admired” UK regulators for “a clear sense of separation between politics and regulation”.

“In London, we want to be a British company. We want to be a British company. We want to be a British local company … we’re registered here, we’re paying taxes here, we want to be part of a community”, Tang told the Times. The UK is estimated to be one of Shein’s top five largest markets.

Founded in 2012, Shein has faced constant scrutiny over its environmental impact and labour practices, dismissing these claims by saying it wants to democratise fashion.“We have a superior business model. We are about customers. We’re not about customs policy”, he highlighted.

Image Credits: sheingroup.com

Singapore Companies Economy Fashion IPO Shein Tariffs