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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
12-Nov-2024 💰 Shein and Temu in crosshairs of Trump’s tariffs
  • Trump plans 10%-20% tariffs on all imports.
  • US consumers may lose $46B to $78B in spending power.
09-Oct-2024 📈 Shein reports $2b revenue from UK operations
  • Shein UK revenue hits £1.55B, up 38% in 2023
  • Pre-tax profit doubles to £24.4M amid global growth
26-Sep-2024 📉 Shein lays off staff in Singapore ahead of London IPO
  • Shein lays off 17 employees in Singapore office
  • Company plans to grow workforce despite layoffs
27-Jun-2024 📈 Shein’s 2022 sales grow 4x ahead of IPO to close in on Zara
  • Shein’s revenue hit US$21.6 billion in 2022.
  • Preparing for IPO amid scrutiny and UK listing plans.

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