Shein is understood to be preparing for a stock market float in the US.
The Chinese fast fashion giant has filed “confidential paperwork” paperwork with the US securities regulator according to two people familiar with the matter, the Financial Times reported.
The business has drafted JP Morgan, Morgan Stanley and Goldman Sachs to advise on the IPO, which would be one of the largest offerings of the decade if confirmed.
Shein told investors it is hoping for a valuation of up to £71.3bn ($90bn).
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The report follows speculation earlier this year that the retailer was planning to go public on the New York Stock Exchange next year after it predicted its revenue would more than double to reach £49.8bn by 2025.
The business had attempted to list in the US back in 2020, however plans were put on ice due to unpredictable markets at the time.
The news comes after Shein bought Missguided from Frasers Group last month.
The purchase, which was made for an undisclosed sum, was Shein’s first British brand acquisition.
It has also registered its interest in making a bid for Topshop, as it looks to strengthen its fashion credentials.
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