Archive · 25 Aug 2026
Shein’s Public-Listing Plans Collapse Amid Valuation Losses
Shein wanted to sell shares to the public so people could invest in the company.
Its first plan was to list in New York.
American lawmakers objected because of allegations about forced labor in Shein’s supply chain, though Shein denies those allegations.
Shein then considered listing in London.
Britain’s regulator approved that plan in April last year.
China’s government did not approve the London option, so Shein turned to Hong Kong.
The company’s value fell sharply while it was trying to go public.
Because some investors lost a lot of money, Shein had to pay them settlements.
Shein abandoned its original New York listing plan after pushback from American lawmakers.
The lawmakers raised allegations of forced labor in Shein’s supply chain, which the company denies.
Shein later pursued a London listing and received approval from Britain’s regulator in April last year.
The company switched its plans to Hong Kong after China’s government did not approve the London option.
Shein’s falling valuation has forced it to pay settlements to investors who suffered major losses.
- Who
- Shein, American lawmakers, Britain’s regulator, China’s government, and affected investors.
- What
- Shein’s plans to list publicly shifted from New York to London and then Hong Kong amid regulatory opposition and a sharp valuation decline.
- When
- Britain’s regulator approved the London listing in April last year; the article does not give the other dates.
- Where
- The proposed stock-market listings involved New York, London, and Hong Kong.
- Why
- The New York plan faced pushback over alleged forced labor, China did not approve the London option, and Shein’s valuation fell sharply.
Critics and Investors
Shein’s Position
Supply-chain allegations
Critics and Investors
American lawmakers raised allegations that Shein’s supply chain involved forced labor.
Shein’s Position
Shein denies the allegations.
Effect of the valuation decline
Critics and Investors
Investors experienced precipitous losses as Shein’s valuation fell.
Shein’s Position
Shein paid settlements to affected investors, although the article does not state a separate company explanation for the decline.
- Original listing plan
- New York
- Main objection
- American lawmakers raised allegations of forced labor in Shein’s supply chain.
- Shein’s position
- Shein denies the forced-labor allegations.
- London approval
- Britain’s regulator approved the London listing plan in April last year.
- Later listing destination
- Hong Kong
- Reason for the switch
- China’s government did not approve the London option.
- Investor impact
- Shein’s valuation decline led to settlements for investors who experienced major losses.