Investors slam FCA over Shein IPO approval

The UK’s financial regulator has been accused of a “race to the bottom” after news emerged last week that it had approved Shein’s application for a London IPO.
A top managers’ trade group, including Aviva Investors, Schroders and M&G, said the float could threaten the UK’s status as a premier listing destination.
UK Sustainable Investment and Finance Association chief executive James Alexander said investors have “raised concerns repeatedly about bei