Online fast fashion firm Shein is planning to file paperwork for a potential London share listing as soon as this week, according to reports.
An initial public offering (IPO) could value the company at around $66bn (£51.7bn).
Shein, founded in China and now headquartered in Singapore, intensified preparations for a share sale in the UK. This followed regulatory hurdles and scrutiny in the US.
A Shein spokesperson declined to comment.
Shein has in the past been linked to unethical business practices, including forced labour allegations.
A confidential filing with the UK’s Financial Conduct Authority could lay the groundwork for a major London stock market share sale.
While it may come this week, Sky News, which first reported the story, said it could be moved to later in June.
“This could be big news for the London stock market – there haven’t exactly been many IPOs this year,” Colleen McHugh, chief investment officer at Wealthify, the investment firm, told the BBC’s Today programme.
In January, Reuters reported Shein filed paperwork for a potential New York listing with the SEC.
As tensions between Washington and Beijing intensify, US lawmakers have expressed concerns about Shein’s links to China.
Amidst increasing competition and evolving consumer preferences, Shein’s decision to pursue a Shein London IPO underscores its confidence. It signifies a strategic move to capitalize on the growing demand for online fashion retail.
As Shein prepares for its IPO, attention focuses on its path to a successful debut on the London Stock Exchange.
Moreover, geopolitical tensions and economic uncertainties may impact investor confidence in Shein’s IPO
Additionally, cultivating solid partnerships and transparent communication are crucial steps.
Ultimately, Shein’s London IPO signifies a major financial achievement and reflects its resilience and foresight.
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