(Bloomberg) -- Shein may not qualify for inclusion on the FTSE 100 Index even as the online retailer gears up for an initial public offering that could be one of the largest ever in the UK, The Times reported. Most Read from BloombergThe number of shares being sold by Shein will not meet the minimum requirement for inclusion on FTSE indexes, the newspaper said, citing people familiar with the matter. Shein was preparing a confidential filing for an IPO in London, with the company potentially seeking a valuation of around £50 billion ($64 billion), Bloomberg reported last week. The float is unlikely to take place until after the summer holidays in August, the Times said, citing a person close to the process. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.

Source: The Times June 10, 2024 06:57 UTC