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Why Fast Fashion Giant Shein Is Going Public in London Instead of New York

4 0
17.06.2024

Shein, the Chinese-founded fast-fashion retailer once valued at $100 billion, is looking to file with U.K. regulators to list an initial public offering on the London Stock Exchange, the Financial Times reported earlier this month. Six months ago, Shein filed paperwork with the U.S. SEC to go public in New York. Pressured by political pushback and regulatory scrutiny around companies with Chinese ties, the e-commerce giant has decided to list elsewhere.

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While Shein is now headquartered in Singapore, it was originally founded by Chinese billionaire Sky Xu in Nanjing, China........

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