Shein to hold informal talks with investors ahead of possible London float

Shein is reportedly set to hold informal talks with potential investors in the coming weeks regarding its much anticipated London initial public offering (IPO), according to Reuters.Three sources with knowledge of the matter said the discussions will be held as the fast fashion giant awaits UK regulatory approval to launch on the London Stock Exchange.

The retailer reportedly plans to hold informal roadshows mainly across Europe, where it will field large investors’ questions and gauge their interest, one source told Reuters.

Shein confidentially filed paperwork to launch its £50bn IPO in London back in June, despite rumours at the time that the float could be scrapped amid pressure from Chinese officials. 

According to sources, it was “not immediately clear” when Shein plans to launch the IPO. However, the fast-fashion retailer reportedly updated China’s securities regulator officially about its change of listing venue.

With approval from both the FCA and CSRC, Shein would be able to publicly file an intention to float on the London Stock Exchange.

It was later reported that Shein was looking to open its first British warehouse in the Midlands ahead of its anticipated £50bn listing.

The fast fashion giant reportedly sent a team of representatives to the UK to look at potential sites over the past few months, in places such as Castle Donington, Coventry, Daventry and Derby. 

Instead of building its own facility, Shein is reportedly looking for spaces that have already been fitted out to handle ecommerce operations. 

Shein declined to comment to Retail Sector.