Shein aims for London IPO by mid-year, sources say

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Shein aims for London IPO by mid-year, sources say

//business-finance.news-articles.net/content/202 .. aims-for-london-ipo-by-mid-year-sources-say.html

Published in Business and Finance on Thursday, January 9th 2025 at 6:41 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Online fast-fashion retailer Shein is aiming to list in London in the first half of the year, according to two sources with direct knowledge of the matter, assuming it gains regulatory approvals for the initial public offering.

248x130/9025 Bytes

Shein, a fast-fashion giant, is planning to pursue a London initial public offering (IPO) by mid-2025, according to sources familiar with the matter. The company, which has been considering various listing options, has been engaging with potential investors and advisers in preparation for this move. Previously, Shein had considered listing in New York but faced regulatory hurdles due to concerns over its supply chain and labor practices. A London listing could provide Shein with a more favorable regulatory environment and access to a significant pool of capital. The decision to list in London also comes at a time when the UK is looking to bolster its financial market's appeal post-Brexit. However, the exact timing and valuation of the IPO could still change based on market conditions and regulatory developments.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/shein-aims-london-ipo-by-mid-year-sources-say-2025-01-09/ ]