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.
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