Shein holds talks with LSE on possible listing -Sky News

(Reuters) – Fast fashion firm Shein has held talks with the London Stock Exchange about the possibility of a public listing in the United Kingdom, Sky News reported on Monday, citing sources.

Shein’s chairman, Donald Tang, met executives from the LSE and other stakeholders in the UK economy during a visit to London last week, according to the report.

Shein and London Stock Exchange Group declined to comment on the report.

Last month, Reuters reported that the China-founded firm had confidentially filed to go public in the United States.

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters of the initial public offering (IPO), and Singapore-based Shein could launch its new share sale in 2024, the sources said at the time.

The company founded in mainland China in 2012 was valued at more than $60 billion in a May fundraising, down by a third from a funding round last year.

(Reporting by Manya Saini in Bengaluru; Editing by Savio D’Souza and Anil D’Silva)