Bloomberg News Agency quoted sources as saying that the company decided to seek the help of a bank Barclays And UBS Group to the list of managers of the initial public offering, adding that the offering process is expected to be implemented early next year.
The sources said that the details of the offering process are still being discussed and may be changed.
It is mentioned that Shein It held a meeting with potential investors in New York earlier this week, and a similar meeting in London. Shein cooperates with banks Goldman Sachs Group, JP Morgan Chase and Morgan Stanley are arranging the offering.
Shin Company forwarded its request to London It secretly submitted its papers to British authorities earlier this year after its initial goal of a US listing failed.
The US Securities and Exchange Commission rejected Shin’s request to file a confidential preliminary prospectus. Its listing still requires regulatory approvals in China and Britain.
Shein’s initial public offering (IPO) will likely help restore momentum London Stock Exchange Which has witnessed the exit of many companies since the withdrawal Britain from European Union. Among the companies that exited the British Stock Exchange were ARM Holdings, a designer of electronic chips, and CRH.
