Fast-fashion giant Shein is reportedly in talks with the London Stock Exchange about the possibility of a public listing in the UK.
Shein executive chair Donald Tang reportedly met executives from the exchange during a visit to London last week and “held talks” about a potential flotation.
City sources said discussions involved a potential UK listing for the fashion giant, adding that the retailer was also “continuing to explore various options for raising capital through a public share sale”.
The news follows the announcement last month that Shein is gearing up for a stock market float in the US after filing “confidential paperwork” for an initial public offering.
Bankers and other sources close to the situation told Sky News that a listing on the New York Stock Exchange remains the “likeliest outcome” and that a dual listing in both financial centres was “unlikely”.
The London Stock Exchange did not respond to a request for a comment and Shein declined to respond.
If Shein confirm a listing in the US, it is anticipated to be one of the largest offerings of the decade.
JP Morgan, Morgan Stanley and Goldman Sachs have reportedly been drafted in to advise on the listing.
As of last April, Shein was valued at more than $100bn following its latest fundraising round, which surpassed the market capitalisation of both Inditex and H&M combined at the time.
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