Shein Said to Move Ahead With London IPO Plan in UK Boost
- Offering could value online retailer at about £50 billion
- IPO would help revive equity capital markets in the UK
Shein’s offering could become one of the UK’s biggest ever IPOs.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Online fashion retailer Shein is preparing a confidential filing for an initial public offering in London, according to people familiar with the matter, moving forward with its listing plans ahead of a potential change in government in the UK.
The company is considering filing the draft prospectus as soon as this week, the people said, declining to be identified because the information is private. It may seek a valuation of around £50 billion ($64 billion), one of the people said.