Shein holds talks with LSE on prospect of London listing

FAST fashion company Shein has held talks with the London Stock Exchange (LSE) about the possibility of a public listing in the United Kingdom, Sky News reported on Monday (Dec 11), 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, said the report.

Shein and London Stock Exchange Group did not immediately respond to a Reuters request for comment.

Last month, Reuters reported that the China-founded company had confidentially filed to go public in the United States.

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters of the initial public offering, 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 US$60 billion in a May fundraising, down by a third from a funding round last year. REUTERS