ONLINE fashion giant Shein is planning to confidentially file for a London listing and is laying the groundwork for a blockbuster initial public offering in the UK, reports London's Financial Times.
Shein is set to file privately with UK regulators its intention to float, according to people familiar with the matter, who cautioned that timing on the filing could yet shift.
Shein had been leaning towards a London listing after tensions between Beijing and Washington stalled its plans for an IPO in New York.
Shein's executive chairman Donald Tang told the Financial Times last month that the Singapore-domiciled company had made 'progress' on changing the perception that China controlled Shein 'but not enough' to win over US lawmakers.
The company had previously filed preparatory paperwork with the Securities and Exchange Commission more than six months ago, but concerns about Shein's ties to Beijing became the biggest hurdle in the path
SeaNews Turkey
Shein is set to file privately with UK regulators its intention to float, according to people familiar with the matter, who cautioned that timing on the filing could yet shift.
Shein had been leaning towards a London listing after tensions between Beijing and Washington stalled its plans for an IPO in New York.
Shein's executive chairman Donald Tang told the Financial Times last month that the Singapore-domiciled company had made 'progress' on changing the perception that China controlled Shein 'but not enough' to win over US lawmakers.
The company had previously filed preparatory paperwork with the Securities and Exchange Commission more than six months ago, but concerns about Shein's ties to Beijing became the biggest hurdle in the path
SeaNews Turkey