THE WHAT? Shein is said to have filed confidential papers with UK regulatory bodies in advance of a possible IPO on the London Stock Exchange. The Chinese fast fashion firm is thought to be preparing to list in the second half of the year.

THE DETAILS According to a report published by Bloomberg, Shein is expected to fetch a value of £50 billion if the listing goes ahead. It is yet to receive the green light from Chinese authorities, however.

THE WHY? Bloomberg reveals that London is likely to welcome Shein’s business, despite ESG concerns, having missed out of other European IPOs up to now. Shein was rumored to be exploring a New York listing initially but faced strong opposition and did not pursue the idea.