Reported 11 months ago
Online fashion retailer Shein has confidentially filed papers for a potential listing on the London Stock Exchange, awaiting approval from the Chinese securities regulator. The IPO could value Shein at about £50 billion ($63.3 billion) and would be London's biggest in over a decade. While the listing is aimed for the second half of the year, it is not guaranteed. London sees this as an opportunity to regain market value lost to companies shifting to New York, with business and political figures discussing the implications of Shein's listing on British standards and regulations.
Source: YAHOO