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Shein Contacts Former UK Chancellor Sajid Javid For Potential Role Before IPO

Image Source: Kaspars Grinvalds / Shutterstock

Shein has reached out to previous UK Chancellor of the Exchequer, Sajid Javid, for a role as the popular fast fashion company advances in its plans to go public on the London Stock Exchange.

Sources from the finance sector have revealed that Javid, along with other prominent figures in the city, has been in conversations with Shein’s executive chairman Donald Tang in recent weeks.

Industry insiders suggest that this move could lead to Javid either joining Shein’s board or serving as an advisor to the company.

Baroness Fairhead, the former BBC Trust chair, is also believed to be among the individuals being considered by headhunters for a potential role.

With challenges faced in gaining approval for a New York listing, Shein has shifted its focus towards a potential public offering in London.

If the IPO moves forward, Shein could be valued at approximately £50 billion or higher, marking it as the second-largest stock market debut in London’s history.

Major financial institutions like Goldman Sachs, JP Morgan, and Morgan Stanley are reportedly involved in advising on the IPO.

Image Source: Kaspars Grinvalds / Shutterstock

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