Shein, the fast fashion powerhouse with ties to China, has confidentially filed for a public listing in London amid backlash in the U.S. due to concerns over forced labor in its supply chain and tax exemptions. Originally aiming for a U.S. IPO, Shein shifted to London after facing opposition from American lawmakers. Despite this, it still prefers to list in the U.S., indicating uncertainty about the London listing. As a Chinese company, Shein's operations could face regulatory scrutiny from Beijing, complicating its global ambitions. The company's rapid rise in the U.S. market has led to increased scrutiny and challenges, including rejection by industry associations and pressure from U.S. lawmakers over geopolitical concerns. Shein's decision to go public is framed as a move towards transparency rather than solely for financial gain. The road to its public debut has been marked by obstacles, emphasizing the complexities of its global expansion strategy.