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Shein in talks with LSE about possible London listing - report

Published Dec 11, 2023 12:25 Updated Dec 11, 2023 12:41
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Sharecast - According to Sky News, the company’s executive chairman, Donald Tang, met executives from the LSE and other stakeholders in the UK economy during a visit to London last week.

City sources told Sky that talks were focused on the possibility of a listing in the UK, with one saying that the Singapore-based behemoth was continuing to explore various options for raising capital through a public share sale.

A US listing remains the likeliest outcome for Shein, according to bankers and people close to the company, while a dual listing in both financial centres is said to be unlikely.

Its confidential filing with the US Securities and Exchange Commission, first-reported last month by the Wall Street Journal, suggested that if it proceeded, a New York float would be among the largest in the last decade.

Goldman Sachs (NYSE:GS), JP Morgan and Morgan Stanley (NYSE:MS) have been appointed to work on the deal.

Shein's presence in Britain has grown in recent months after Shein struck a deal to buy fast-fashion company Missguided from Mike Ashley's Frasers Group (LON:FRAS).

Shein now operates in more than 150 countries.

Read more on Sharecast.com

Shein in talks with LSE about possible London listing - report
 

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Donald Anderson
Donald Anderson Dec 11, 2023 16:15
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