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Shein to File for £50 Billion London IPO, Second Largest in UK History: Sky News

Jun 3, 2024, 03:11 AM

Online fashion giant Shein is preparing to file a confidential prospectus with the UK's Financial Conduct Authority for a potential London Stock Exchange listing. The IPO is expected to value the company at around £50 billion, making it one of the most significant and contentious deals in the UK’s capital markets in years. Previously valued at $66 billion, Shein's decision to list in London comes amid a regulatory environment and US-China tensions that hindered its plans for a New York IPO. Sky News reports that the listing would be the second largest IPO in the history of the UK stock market. The listing is anticipated to be a major boost for the London Stock Exchange.