Shein mulls London IPO
According to Sky, Shein chairman Donald Tang met with LSE executives and other stakeholders during a visit to London last week
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Fast-fashion giant Shein is reportedly considering plans for a London Stock Exchange flotation, Sky News has reported.
According to Sky, Shein chairman Donald Tang met with LSE executives and other stakeholders during a visit to London last week to discuss the move.
Sources told the publication that ensuing talks were focused on the possibility of a listing in the UK, with one saying Shein would also consider raising funds through a public share sale.
It comes as the group recently filed documents to further plans for a possible New York flotation.
Earlier this year, reports first arose that Shein was set to raise £1.6bn in new funding ahead of the potential US IPO, and that if successful, it would be one of the largest floats in the last decade.
Bankers and sources close to the company told Sky a US listing remains the “likeliest outcome” for the group, whilst a dual listing in both London and New York was unlikely.
Shein has been contacted for comment.
