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Shein holds talks with LSE on possible listing -Sky News

Published 12/11/2023, 07:05 AM
Updated 12/11/2023, 09:42 AM
© Reuters. FILE PHOTO: A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin/File Photo

(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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