Shein is understood to be in talks with the London Stock Exchange about the possibility of UK listing.
The fast fashion retailer’s executive chair Donald Tang is said to have met the exhange’s executives last week about a potential flotation.
City sources told Sky News that Shein were also exploring various options for raising capital through a public share sale.
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It comes as Shein is said to be preparing for a New York listing after filing “confidential” paperwork with the stock exchange at the end of last month.
Bankers and people close to the situation told the publication that a dual listing is unlikely, and that a US initial public offering remains the likeliest outcome for the fashion giant.
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). It was valued at £52.5bn ($66bn) earlier this year.
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