Shein Confidentially Filed Papers for a Potential London IPO
- Timing of any potential listing not immediately clear
- A Shein offering would mark a win for London’s sluggish market
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Online fashion retailer Shein confidentially filed papers with the UK authorities for a potential listing in London, according to people familiar with the matter.
The timing of an initial public offering, which would likely be London’s biggest in more than a decade, wasn’t immediately clear as Shein is still awaiting approval from the Chinese securities regulator, the people said. An IPO could value the fast fashion giant at about £50 billion ($63.3 billion), Bloomberg reported this month.