Shein boss Donald Tang has confirmed he wants to list the fast fashion firm on the stock market.
The tycoon said he wants to be ‘in the fish tank for everybody to examine in the public square’.
Shein, which was set up in China and is based in Singapore, is known to have been in talks about an initial public offering (IPO) in London for months.
But Tang, 62, only spoke about his plans publicly for the first time yesterday. He said: ‘We want to be a listed company.’ He added that Shein wanted to ’embrace the accountability and transparency of being a public company’.
Speaking out: Shein boss Donald Tang has confirmed he wants to list the fast fashion firm on the stock market
The Shein executive chairman did not confirm if London is the favoured destination.
But he told The Times: ‘London has super-high, very respectable regulatory standards. And we admire that very much.’
Shein has been accused of sourcing cotton from Xinjiang in China where it is claimed Uyghur minorities suffer forced labour and genocide. Tang rejected the claims.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading fees
Trading 212
Trading 212
Free dealing and no account fee
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
This article was originally published by a www.dailymail.co.uk . Read the Original article here. .