Shein is shifting its focus to a London listing after facing regulatory challenges and political opposition in the US. The fast-fashion retailer, valued at $66 billion, plans to update China’s securities regulator and file for an IPO with the London Stock Exchange as early as this month. Initially engaging London-based financial and legal advisers earlier this year, Shein has started introductory meetings with London-based fund managers. While Shein has confidentially filed for a US IPO and sought approval from both US and Chinese regulators, it has encountered significant hurdles including allegations of labor malpractices and lawsuits. Despite preferring New York as its listing venue, Shein is exploring a secondary US listing in the future, contingent on a more favorable political climate.