Shein is preparing to file a prospectus as soon as this week with the Financial Conduct Authority for the approval of its listing plan.
Online fashion retailer Shein is set to file for an initial public offering in London in the coming days, according to Sky News. Shein is preparing to file a prospectus as soon as this week with the Financial Conduct Authority for the approval of its listing plan, Sky reported, citing sources it didn’t identify.
Bloomberg News reported in February that the company was actively looking at London as it had judged it unlikely that the US Securities and Exchange Commission would approve a New York IPO. US Senator Marco Rubio was among those asking the SEC to block it, saying the company needs to disclose more about its operations in China. Shein, which was founded in China and is now headquartered in Singapore, declined to comment to Bloomberg News on the IPO.
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