HONG KONG/LONDON -- Speculation that Shein is planning to list in London reached a fever pitch this week, but market observers say the Chinese fast-fashion retailer has several obstacles to overcome before -- or even if -- it launches an initial public offering.
After the Singapore-headquartered online fashion giant pulled out of a plan to list in New York because of regulatory and political pushback, London was mooted as a potential destination, an idea welcomed by local leaders and a stock exchange keen for business. Nikkei Asia understands that Goldman Sachs is among the banks appointed to market shares in the company, which was valued recently at $66 billion, or 50 billion pounds, according to media reports.
