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Shein London IPO edges closer

Sajid Javid, the UK former Chancellor of the Exchequer, is in talks for a role at Shein, the online fashion giant planning a significant London stock market float. This move highlights Shein’s focus on corporate governance and its commitment to a London IPO, potentially valuing the company at £50 billion ($63 billion) or more. The IPO, advised by Goldman Sachs, JP Morgan, and Morgan Stanley, would be one of London’s largest. Shein, based in Singapore and operating in over 150 countries, faces challenges with US regulators and is exploring London as a listing venue amidst competition from New York.

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