Shein is targeting early 2025 for its float on the London Stock Exchange.
The fast fashion giant is preparing to launch its IPO during the first quarter of next year, subject to pending regulatory approvals, The Times reported.
Insiders with knowledge on the topic said the company was gearing up to launch an official investor roadshow during the coming weeks, where meetings would be held between institutional investors and the fast fashion giant.
The brand is thought to be working with Morgan Stanley, Goldman Sachs and JP Morgan on the float.
Shein’s founder Chris Xu and executive chairman Donald Tang have started meeting with investors in the UK to test their investment appetite and deal with their questions, according to the newspaper.
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Various US-based investors with shares in British retailers are also thought to have been approached.
While a prospectus for the IPO is said to circulating among select stakeholders, it has reportedly not been formally published.
Shein has been gearing up to launch its London IPO, after initially aiming for a stock market float in the US.
However, it faced regulatory hurdles between China and the US, as well as pushback from American regulators.
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