Fast fashion retailer Shein filed for London listing in early June, sources say

HONG KONG: Shein has confidentially filed papers with Britain’s markets regulator in early June for a seemingly London itemizing, two sources stated, as the catch fleet vogue retailer moves ahead with what could maybe one in all the most racy IPOs globally this year.

The Chinese language-founded firm, which used to be valued at US$66 billion in a fundraising round final year, had started taking part with its financial and ethical advisors to explore a itemizing on the London Stock Swap early this year, sources told Reuters in Could maybe objective.

It is no longer in an instant plod when Shein, identified for its US$5 tops and US$10 dresses, plans to launch the initial public offering (IPO).

Both the sources, who relish files of the deal, declined to be named as they had been no longer current to insist to the media.

A spokesperson for Shein declined to observation. The Monetary Conduct Authority (FCA), the UK markets watchdog, did no longer in an instant answer to Reuters seek files from for observation.