Shein To File for IPO in London Potentially Valuing the Company at £50 Billion

Shein Valuation

Online fashion firm Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for approval ahead of a potential London float, which could value the company at around 50 billion pounds ($63.70 billion), Sky News reported on Sunday.

Shein Valuation

The confidential filing could take place as soon as the coming week, according to sources cited in the report.

Shein, valued at $66 billion in a fundraising last year, began engaging with the London-based teams of its financial and legal advisors to look for a listing on the London Stock Exchange early this year.

Shein Store

The fast-fashion company increased its preparations for a London listing after facing regulatory hurdles and pushback from U.S. lawmakers during its attempt to float in New York.

However, senior British lawmakers are also questioning Shein’s suitability for a London listing and calling for greater scrutiny of the business. In response, Shein has stated that it is strengthening governance and compliance.

Nate O'Hara
Nathan is a seasoned commerce writer with a passion for unraveling the intricacies of the business world and distilling them into engaging narratives. During his academic journey, he delved deep into subjects like economics, marketing, and entrepreneurship, honing his analytical skills and developing a keen understanding of market dynamics.