Is Retailer Shein Preparing for a London IPO?

From Morningstar: 2024-05-13 08:13:00

Shein plans to proceed with a London IPO, bypassing challenges for a potential New York listing. The retailer will submit its IPO plans to the London Stock Exchange and still aims to list in New York. Shein faced opposition in the US due to concerns about its governance and other practices.

While Shein’s arrival on the London market could attract more companies, it raises concerns about governance issues. The retailer’s popularity among consumers contrasts with questions about its corporate standards, working conditions, and intellectual property. Choosing London over the US can offer benefits, but promises challenges in ensuring good corporate citizenship and reputation.



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