Clothing giant Shein to file for London IPO

LONDON, June 3 (AFP): Shein, the Chinese-founded online fashion giant, is set to file in the coming days with regulators over a potential London stock market listing, UK media reported Monday.
A float, which could value Shein at £50 billion ($64 billion) according to Sky News, comes after the Singapore-based fast-fashion group came up against opposition for a New York listing amid US-China tensions.
The Financial Times and Sky said the UK filing would take the form of a "confidential" initial public offering (IPO), which affords companies more flexibility and the ability to hold back information on future strategy ahead of floating.