Shein aiming for London listing that could value fast fashion giant at R1.2 trillion
Online fashion retailer Shein is set to file for an initial public offering in London as soon as this week that could value the company at about £50 billion , according to a person familiar with the matter.
The timing of the filing could change and there’s no certainty a deal will result, said the person, who asked not to be identified because the plan is confidential. Sky News earlier reported Shein’s plan to file. Shein’s offering could become one of the UK’s biggest ever IPOs, clawing back a chunk of the market value from companies shifting their primary listings to New York. The London Stock Exchange also has largely missed out on this year’s revival of European IPOs. as it had judged it unlikely that the US Securities and Exchange Commission would approve a New York IPO.
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