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.
Clothing giant Shein to file for London IPO
FE Team | Published: June 03, 2024 23:11:47
Clothing giant Shein to file for London IPO
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