Online retailer Shein, popular with zoomers, has chosen London as the location for its IPO. The company has been trying to list in the US since 2020, but abandoned those plans. According to the latest data, Shein’s business is valued at $24.2 billion; Its IPO will be the largest in 2024.
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International online retailer Shein has secretly filed for an initial public offering on the London Stock Exchange. Reuters sources reported this.
Shein declined to comment and did not specify the timing or details of the placement. The company submitted the request confidentially, without informing the public, the agency highlights.
Shein attempted to go public in the United States and hold an initial public offering in New York. However, bureaucratic delays arose between Chinese and American regulators, so London was chosen as the location for the IPO.
Shein is an international online retailer founded in China in 2008. In 2022, the company moved its headquarters to Singapore. At the end of 2023, Shein’s business is valued at $24.2 billion.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
