Had filed for US listing but met hurdles - CNBC (Il Sole 24 Ore Radiocor) - New York, 24 Jun - Fast-fashion giant Shein has confidentially filed to go public in London, according to a report by CNBC citing a person familiar with the matter.

Shein confidentially filed for a US initial public offering late last year in an effort to expand its global reach, CNBC previously reported.

But the retailer has faced mounting backlash tied to allegations of forced labor in its supply chain and to its use of a particular US tax law exemption, CNBC said.

IPO experts told CNBC a US offering was becoming increasingly unlikely, and that a London IPO could sidestep some of the expected hurdles.

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(RADIOCOR) 24-06-24 15:13:46 (0410) 5 NNNN