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Shein to file prospectus to London Stock Exchange this month: report
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TechNode
Shein plans to file for a London IPO in the coming days as its stalled US listing shows no signs of making progress, according to a report from Sky News on June 2.
The report said the listing is expected to value the online fashion giant at around £50 billion, less than the $66 billion valuation the business was given during its last funding round early last year.
Filing a prospectus with UK regulators does not guarantee a successful listing for Shein, according to Sky News, and a previous report revealed that the China-founded fashion retailer would still prefer to go public in the US, however, uncertainty around its proposed US listing has forced the company to consider alternatives.
[Sky News]Related
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