## Shein Aims for London Listing with Approval from China Needed
Shein, the popular online fast fashion company, has started the process to list its company shares in London. This happened in early June when Shein filed important documents with Britain’s market regulator.
What Does Listing Mean?
When a company lists its shares on a stock exchange, it means people can buy and sell shares of that company. For example, you can buy shares of big companies like Apple or Microsoft on stock exchanges like the New York Stock Exchange. Shein wants its shares to be available for trading in London.
Approval Needed from China
Although Shein has filed papers in London, it still needs the green light from officials in China. Shein has notified China's securities regulator (which oversees the financial markets) about its plan. But it can only move forward if Chinese regulators approve.
Background on Shein
Shein is a major e-commerce fashion brand started in China and is valued at $66 billion. Earlier, Shein wanted to list its shares in New York, but it faced opposition from U.S. lawmakers, who are the people responsible for making laws in the United States.
Company Response
Neither Shein, nor the British financial market authority, have provided comments about the listing process.
What’s Next?
If China gives its approval, Shein could be listed on the London Stock Exchange by the end of this year. This would allow people to buy and sell shares of Shein, just like they would for any other publicly traded company.
