default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Shein Holds Talks With LSE on Possible Listing

Shoppers hold a loft Shein shopping bags outside a pop-up store.
Shein’s chairman, Donald Tang, met executives from the LSE and other stakeholders in the UK economy during a visit to London last week. (Cezaro De Luca/Europa Press via Getty Images)

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 did not immediately respond to a Reuters request for comment.

Last month, Reuters reported that the China-founded firm 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 $60 billion in a May fundraising, down by a third from a funding round last year.

By Manya Saini; Editing by Savio D’Souza and Anil D’Silva


Learn more:

Shein Files for US IPO in Major Test for Investor Appetite

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering (IPO), and Singapore-based Shein could launch its new share sale some time in 2024, the sources said.

In This Article
Organisations

© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.

The South Korean e-commerce firm Coupang has saved Farfetch from potential bankruptcy, and could use its logistical and marketing might to solve some of the luxury e-tailer’s seemingly intractable problems. But “everything stores” have a spotty track record when it comes to high-end retail.



The deal provides the online luxury giant with $500 million in emergency funding. A complex transaction that would have seen Farfetch acquire a 47.5 percent stake in Yoox-Net-a-Porter from Richemont is dead.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Enjoy 25% off BoF Professional Membership Until December 19
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
Enjoy 25% off BoF Professional Membership Until December 19