Tags: shein | london | ipo

Fast Fashion Retailer Shein Files for London Listing

Fast Fashion Retailer Shein Files for London Listing
(Avishek Das/AP)

Monday, 24 June 2024 07:14 AM EDT

Shein has confidentially filed papers with Britain's markets regulator in early June for a potential London listing, two sources said, as the online fast fashion retailer moves ahead with what could one of the largest IPOs globally this year.

The Chinese-founded company, which was valued at $66 billion in a fundraising round last year, had started engaging with its financial and legal advisors to explore a listing on the London Stock Exchange early this year, sources told Reuters in May.

It is not immediately clear when Shein, known for its $5 tops and $10 dresses, plans to launch the initial public offering (IPO).

Both the sources, who have knowledge of the deal, declined to be named as they were not authorized to speak to the media.

A spokesperson for Shein declined to comment. The Financial Conduct Authority (FCA), the UK markets watchdog, did not immediately respond to Reuters request for comment.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Shein has confidentially filed papers with Britain's markets regulator in early June for a potential London listing, two sources said, as the online fast fashion retailer moves ahead with what could one of the largest IPOs globally this year.
shein, london, ipo
151
2024-14-24
Monday, 24 June 2024 07:14 AM
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