Shein set to boost FTSE 100 with London IPO

Shein is expected to boost the FTSE 100 as soon as next month, when the fashion retailer has confirmed it will float its shares in London.
Chancellor Jeremy Hunt and Labour’s shadow business secretary Johnny Reynolds voiced their support for the stock market float after Shein executive chairman Donald Tang visited the UK in April.
The Chinese retail giant initially indicated a preference to float its shares in New York, where stock market valuations for online firms are usually much higher