The online retail giant – known for selling extremely cheap clothes – has been planning to float since 2023, with previous attempts to list in New York and London failing after political and regulatory scrutiny. In listing notice on Monday, the group revealed it will sell 280 million shares for between 47. Around 90% of the shares will be available to overseas investors, Shein said in the filing. Shein recently revealed it slumped to a 99 million US dollar (£73 million) bottom line loss in the first quarter of 2026 and saw sales hit by US president Donald Trump’s move to scrap an import duty exemption on small packages. In May last year, the US removed a so-called “de minimis” tariff exemption on small packages, which Shein had previously used to ship garments from China directly to customers.