Shein discussing potential listing with London Stock Exchange

According to sources cited by Sky News on Monday, Shein, a fast-fashion company, has discussed the possibility of going public in the UK with the London Stock Exchange.

During a visit to London last week, Shein's chairman, Donald Tang, met with executives from the LSE and other stakeholders in the UK economy, the report states.

The China-founded company quietly filed to go public in the US last month, according to a Reuters story.

As per the sources at the time, Singapore-based Shein may begin its new share sale in 2024, and Goldman Sachs, JPMorgan, and Morgan Stanley have been appointed as the IPO's lead underwriters.

In a fundraising in May, the mainland Chinese company that was founded in 2012 saw its valuation drop by a third from the previous year's funding round to just over $60 billion.

(Sources: skynews.co.uk, investing.com, reuters.com)