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SHEIN's UK IPO Reportedly Hits Impasse
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The UK financial regulator is taking longer than usual to approve the initial public offering (IPO) of fast fashion e-commerce platform SHEIN to scrutinize the company's supply chain supervision and assess legal risks, which are reportedly related to labor rights, Reuters, citing people familiar with the matter, reported. A SHEIN spokesperson said the company has a zero tolerance policy on forced labor and is committed to respecting human rights. SHEIN is awaiting Chinese securities regulators to approve its London IPO, which may be announced after a decision by the UK Financial Conduct Authority (FCA), the report quoted sources as saying. AAStocks Financial News |
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