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Reading: Online retailer Shein will submit a prospectus for a £50 billion London offering.
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Baner Club > Blog > Business > Online retailer Shein will submit a prospectus for a £50 billion London offering.
Business

Online retailer Shein will submit a prospectus for a £50 billion London offering.

The online fashion giant Shein is ready to make a crucial step toward a London float that would value it at approximately £50 billion and place.

Last updated: 2024/06/03 at 12:30 PM
Published June 3, 2024
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it among the most important—and contentious—deals in the capital markets of the United Kingdom for years.

With its headquarters located in Singapore, Shein was created in China and is getting ready to go public by filing a prospectus with the Financial Conduct Authority. The news has exclusive information on this.
According to city sources, the private filing might happen later this month, but it might happen as soon as next week. They made this announcement on Sunday night.

This listing milestone would be the most convincing indication to far that Shein, the owner of the British fashion business.

to become the most well-known public float in London for over ten years.

The date of the filing does not always mean that an IPO would happen, however some experts think a London stock market debut in the summer or early fall is still possible.

Originally aiming for a New York listing, Shein has encountered political resistance, leading to a lackluster response from regulatory bodies.

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