Online retailer Shein adds more banks to arrange London listing

Barclays Plc and UBS Group AG have been picked as bookrunners for Shein’s IPO. — Reuters

London: Shein has added more banks to help arrange its potential initial public offering (IPO) that could value the online fashion retailer at £50bil or about US$65bil, potentially one of the biggest listings in London in recent years, people familiar with the matter say.

Barclays Plc and UBS Group AG have been picked as bookrunners for Shein’s IPO, said the people, who asked not to be identified as the information is private.