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S'pore-based Shein reportedly adds more banks to arrange London listing

The Straits Times

|

October 17, 2024

Shein has added more banks to help arrange its potential initial public offering (IPO) that could value the online fashion retailer at £50 billion (S$85 billion), potentially one of the biggest listings in London in recent years, people familiar with the matter said.

S'pore-based Shein reportedly adds more banks to arrange London listing

Barclays and UBS Group have been picked as bookrunners for Shein's IPO, said the people, who asked not to be identified.

A listing could take place as soon as early 2025, the people said. Deliberations are ongoing and details of the IPO could still change, they added.

The new bank mandates come as Shein is meeting prospective investors in New York this week following similar outreach in London.

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