IPOS - Shein Mulls London IPO As US Listing Faces Hurdles: Report | Benzinga
Shein, the Chinese fast-fashion giant, is reportedly contemplating a shift of its initial public offering (IPO) from the U.S. to London due to regulatory obstacles. The company is also considering other potential venues, including Hong Kong and Singapore.
What Happened: Shein, which was initially established in China but is now headquartered in Singapore, is exploring the possibility of a London listing, Bloomberg reported on Monday citing people with knowledge of the matter. This move comes as the company faces challenges with its U.S. IPO application, with the U.S. Securities and Exchange Commission (SEC) showing little inclination to approve it.
The company is still working on its U.S. listing application, but it would need to submit a new overseas listing application with Chinese regulators if it decides to switch to London or elsewhere.
A potential London listing could revitalize the market, which experienced a dismal year ...