The timing of an initial public offering, which would likely be London’s biggest in more than a decade, wasn’t immediately clear as Shein is still awaiting approval from the Chinese securities regulator, the people said. An IPO could value the fast fashion giant at about £50 billion ($63.3 billion), Bloomberg reported this month.
The preparations don’t necessarily mean an IPO is imminent, the people added. While the aim is for a second-half listing, there is no guarantee the company will proceed with a London IPO, one of the people said.
Representatives for Shein and the Financial Conduct Authority declined to comment. Reuters had earlier reported on Shein’s confidential filing.
Source: YAHOO
