Reported 6 months ago
Online fashion retailer Shein is reportedly planning a mega listing in London with an estimated valuation of £50 billion ($64 billion), potentially making it the city's largest IPO since 2011. This news comes as a boost for London's IPO market, which has seen a decline in activity, and could help rebuild the city's reputation as a listing venue. Despite facing political and regulatory hurdles in the US, Shein's IPO is anticipated to garner interest from UK investors, although concerns about governance, supply chain, and business practices may arise.UK politicians, including Labour Party members, have engaged with Shein executives to persuade the company to choose London for its listing, with both the Labour and Conservative parties showing interest in the deal.
Source: YAHOO