Donald Tang, chairman of Shein, met executives from the London Stock Exchange Group during a visit to London last week according to a report. The firm had confidentially filed to go public in the US. The sources said that Shein could launch its new share sale in 2024 if Goldman, JP Morgan and Morgan Stanley are hired as lead underwriters for the initial public offering. The company founded in mainland China in 2012 was valued at more than $60 billion in a May fundraising, down from a funding round last year.
Shein has filed for an IPO in the US
Shein could launch its new share sale as early as 2024, according to sources, and Goldman, Morgan Stanley and JP Morgan have been hired as lead underwriters.