Summary
- Shein, a China-founded online fast-fashion retailer, is set to file an IPO in London.
- The company, founded by Chinese entrepreneur Sky Xu Yangtian, operates in over 150 countries but remains under the radar in China.
- Shein aims to raise over 1 billion pounds from the IPO, valuing the company at around 50 billion pounds.
- The company has moved its IPO destination to London from New York amid US-China tensions.
