Chinese fashion firm Shein has moved closer to a listing on the London Stock Exchange after filing confidential papers with market regulators.
The company, which is valued at $66bn (£52.03bn), originally planned on a New York listing but opposition from US lawmakers prevented that.
Both Republican and Democrat politicians closely scrutinised the potential listing dye to Shein's close links to China.
Marco Rubio, a leading Republican on the US Senate Intelligence Committee, previously wrote to the UK's Chancellor Jeremy Hunt to warn him of Shein's "deep ties to the People's Republic of China".
The firm has also been criticised for some of its working practices, which include allegations of forced labour, something it denies.
A spokesperson for the company said it "has a zero-tolerance policy for forced labour and we are committed to respecting human rights".
It added: "We take visibility across our entire supply chain seriously and we require our contract manufacturers to only source cotton from approved regions."
Neither Shein nor the Financial Conduct Authority has commented on a potential London listing.
FTSE 100
The UK's flagship share index, the FTSE 100, was up 34-points at 8,282 shortly after opening this morning.
Brent crude oil futures were up 0.48%, trading at $85.42 a barrel.
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