Proactive Investors - Chinese online fast fashion group Shein could file for an initial public offer in London as soon as this week, according to reports.
An application with the Financial Conduct Authority could come later this week or be moved to later in the month, said Sky News, which reported the latest update first.
However, the company, which was valued at around £52 billion last year, has faced calls for greater scrutiny from both UK political parties to allegations of unethical business practices.
Shein previously was looking at a New York listing but faced political and regulatory push-back, and it is reported that the China Securities Regulatory Commission told the company that it would not recommend a US IPO due to "supply chain issues".
If Beijing approves the London listing under its new listing rules for Chinese firms going public offshore, the Singapore-headquartered company can then file its application to join the London Stock Exchange.
It would be London's largest ever IPO.