Reported 4 months ago
The fast-fashion retailer Shein has confidentially filed papers with Britain's markets regulator in early June, starting the process for a potential London listing. Originally planning to list in New York, the China-founded company valued at $66 billion faced opposition from U.S. lawmakers, leading it to explore a London Stock Exchange listing. Shein has informed China's securities regulator about its change of listing venue, but awaits approval, with the FCA typically taking a couple of months to vet. A UK listing would involve a four-week process of book building and price guidance before admission to trading, with potential political considerations amid an upcoming election and scrutiny around labor practices and import tax exemption.
Source: YAHOO