SHEIN Eyeing Possible London Stock Exchange Listing

SHEIN, the fast-growing fashion retailer, is reportedly in talks with the London Stock Exchange for possible listing. The company is said to be holding discussions with the LSE last week as it eyes a potential listing in the United Kingdom.

According to Sky News, Donald Tang, executive chairman of SHEIN, met up with executives from the LSE and stockholders in the U.K. economy sector during his business trip to London last week. Insiders said that the discussions between the officials were mostly about the possibility of listing the fashion company in Europe.

Raising of Capital for the Listing

The sources added that SHEIN continues exploring different options and ways to raise capital by selling public shares. In addition, it was learned that even if the company’s plans for New York floatation in 2024 are in progress, the recent talks for the London Stock Exchange listing continued.

The fast-fashion retailer is said to be confident during the talks and looking forward to a possible smash-hit public listing in the U.K. At the same time, SHEIN is also filing documents in New York for an initial public offering.

Confidential Filing with the SEC

Meanwhile, based on the reports, SHEIN’s filing to go public with the U.S. Securities and Exchange Commission (SEC) was originally a confidential matter. However, a number of media publications got wind of its plans, so the listing in New York was divulged last month.

Reuters reported that the company hired major firms such as Morgan Stanley, Goldman Sachs, and JPMorgan Chase to be its lead underwriters of the initial public offering (IPO) in the U.S. It was revealed that SHEIN may also launch a new share sale next year.

Photo by: Tokumeigakarinoaoshima/Wikimedia Commons(CC BY-SA 4.0)