Asset Management

Online retailer Shein files for confidential IPO in London, report says

Shein reportedly will be seeking a valuation of about £50bn, which would make it one of the biggest listings in the history of the London Stock Exchange

Shein is aiming for a $64bn valuation, reports have said.
Shein is aiming for a $64bn valuation, reports have said. Photo: David Becker/Getty Images for SHEIN

Fashion retailer Shein has confidentially filed to go public in London, according to a Reuters report, after its plans to list in the US were disrupted by the trade war with China.

Shein submitted papers with the Financial Conduct Authority, the UK’s markets regulator, in early June, Reuters reported on 24 June, citing people with knowledge of the deal.

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