The Chinese-founded fast fashion firm is preparing to launch an initial public offering (IPO) on the London Stock Exchange in the first quarter of 2025, The Times has reported. The blockbuster float is expected to value the retail giant at around £50 billion. It will then publish a prospectus for the stock market float, which is currently circulating among select stakeholders. The Singapore-based company is working with advisers at US banks Goldman Sachs, JP Morgan and Morgan Stanley on the process. Last month, Shein revealed its sales surpassed £1.5 billion in the UK last year as its profits almost doubled.

Source: The Times November 18, 2024 09:23 UTC