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Shein plans London IPO in 2025
Fast-fashion company Shein plans to list on the London Stock Exchange in early 2025.
The IPO could value the company at £50.3 billion (US$62.5 billion), pending regulatory approval.
Shein is collaborating with US investment banks Goldman Sachs, JP Morgan, and Morgan Stanley for the listing.
Company leaders, including founder Chris Xu and executive chairman Donald Tang, are engaging with UK investors to gauge interest.
Shein initially considered a US listing but encountered issues with the Securities and Exchange Commission’s filing requirements.
The company’s main operations are still based in China, complicating the public listing process.
Recent Shein developments
| Timeline |
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12-Nov-2024 💰 Shein and Temu in crosshairs of Trump’s tariffs
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09-Oct-2024 📈 Shein reports $2b revenue from UK operations
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26-Sep-2024 📉 Shein lays off staff in Singapore ahead of London IPO
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27-Jun-2024 📈 Shein’s 2022 sales grow 4x ahead of IPO to close in on Zara
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