In a strategic move, fast fashion powerhouse Shein is reportedly in discussions with the London Stock Exchange (LSE) regarding a potential public listing in the United Kingdom, according to sources reported by Sky News on Monday. The talks, which involved Shein’s chairman, Donald Tang, during his recent visit to London, signify the brand’s exploration of diverse listing opportunities.
While both Shein and the London Stock Exchange Group have not immediately responded to Reuters’ request for comments, this development comes on the heels of last month’s revelation that Shein, originally founded in China in 2012, confidentially filed for an initial public offering (IPO) in the United States. The IPO, led by underwriters Goldman Sachs, JPMorgan Chase, and Morgan Stanley, is anticipated to launch in 2024.
As Shein strategically navigates the global financial landscape, this move reflects its dynamic approach to potential market listings. Stay tuned for further updates on Shein’s exploration of new listing avenues.