A view of a Shein pop-up store at a mall in Singapore April 4, 2024. REUTERS/Edgar Su/File Photo
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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)

About The Author

Stefan Soesanto

Stefan Soesanto

Mr. Soesanto is a Senior Researcher at the Center for Security Studies (CSS) at ETH Zurich. He leads the Cyberdefense Project and Head the Risk and Resilience Team.

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