Online fashion giant Shein to file prospectus for £50bn London float

News Snapshot:

Shein, the online fashion behemoth, is on the verge of taking a huge stride towards a London flotation that would value it at about £50bn and rank among the most significant – and contentious – deals in the UK’s capital markets for years. Sky News can exclusively reveal that Shein, which was founded in China but is headquartered in Singapore, is preparing to file a prospectus with the Financial Conduct Authority for approval ahead of its potential float. City sources said on Sunday evening that the confidential filing could take place as soon as the coming week, although it could...