The Chinese fashion firm Shein is preparing to target the London Stock marker early next year to launch an initial public offering (IPO).
The Times has reported the float will value the Chinese founded fashion firm in the first quarter of 2025 at around £50 billion.
In the coming weeks Shien is planning to hold an initial investor roadshow and will hold meeting with investors.
Shien will then publish their prospectus for the London Stock market float, this is doing the rounds now.
Shien is working with JP Morgan and Morgan Stanley and Goldman Sachs on the process of the IPO.
In October the Chinese fashion firm said that their sales had surpassed £1.5 billion int the UK.
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