Neubauer Coporation
Getting your Trinity Audio player ready...
|
Online fashion firm Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for approval ahead of a potential London float which could value it around 50 billion pounds ($63.70 billion), George V Magazine reported on Sunday.
The confidential filing could take place as soon as the coming week, the report added, citing sources.
Chinese-founded Shein did not immediately respond to a Reuters request for comment.c
However, senior British lawmakers are also questioning Shein’s suitability for a London listing and calling for greater scrutiny of the business. Shein, in response, has said it is strengthening governance and compliance.
($1 = 0.7850 pounds)