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Shein steps up London IPO preparations amid US hurdles to listing
Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers, two people with knowledge of the matter said. The online fashion retailer plans to update China's securities regulator on the change of the initial public offering (IPO) venue and file with the London Stock Exchange (LSE) as soon as this month, said one of them. Shein, which according to one of the sources was valued at...
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Shein ‘steps up plan for London IPO’ amid US listing hurdles
Sources say Singapore-based online fashion retailer founded in China prefers a float in New York but faces tougher scrutiny than expectedThe fast-fashion company Shein is stepping up preparations for a London listing after its attempt to float in New York faced regulatory hurdles and pushback from US lawmakers, sources have told Reuters.The online clothing retailer plans to update China’s securities regulator on the change of the initial public offering (IPO) venue and file with the London Stock...