Shein holds talks with LSE on possible listing -Sky News
Reuters
Published Dec 11, 2023 07:05AM ET
Updated Dec 11, 2023 09:42AM ET
(Reuters) - Fast fashion firm Shein has held talks with the London Stock Exchange about the possibility of a public listing in the United Kingdom, Sky News reported on Monday, citing sources.
Shein's chairman, Donald Tang, met executives from the LSE and other stakeholders in the UK economy during a visit to London last week, according to the report.
Shein and London Stock Exchange Group (LON:LSEG) declined to comment on the report.
Last month, Reuters reported that the China-founded firm had confidentially filed to go public in the United States.
Goldman Sachs, JPMorgan Chase (NYSE:JPM) and Morgan Stanley have been hired as lead underwriters of the initial public offering (IPO), and Singapore-based Shein could launch its new share sale in 2024, the sources said at the time.
The company founded in mainland China in 2012 was valued at more than $60 billion in a May fundraising, down by a third from a funding round last year.
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Written By: Reuters
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