The new bank mandates come as Shein is meeting prospective investors in New York this week following similar outreach in London. The company has been working with Goldman Sachs Group, JPMorgan Chase & Co. and Morgan Stanley on the listing preparations, Bloomberg News has reported.
Shein has added more banks to help arrange its potential initial public offering that could value the online fashion retailer at GBP50 billion ($85.57 billion), potentially one of the biggest listings in London in recent years, people familiar with the matter said.
Barclays and UBS have been picked as bookrunners for Shein’s IPO, said the people, who asked not to be identified as the information is private. A listing could take place as soon as early next year, the people said. Deliberations are ongoing and details of the IPO could still change, the people said.
