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Online fashion giant Shein is to file a prospectus for a £50 billion London float, Sky News reports

Online fashion giant Shein is to file a prospectus for a £50 billion London float, Sky News reports

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(Reuters) – Online fashion giant Shein is preparing to file a prospectus with Britain’s Financial Conduct Authority for approval ahead of its potential London initial public offering that could value it at around 50 billion pounds ($63.70 billion) ), Sky News reported on Sunday, citing sources.

($1 = 0.7850 pounds)

(Reporting by Akanksha Khushi in Bengaluru; Editing by Ros Russell)