Fast fashion retailer Shein confidentially files for London IPO as U.S. listing stalls

Shein, the prominent fast fashion retailer associated with China, has confidentially filed for a public listing in London amidst mounting scrutiny in the U.S., according to a source familiar with the matter speaking to CNBC on condition of anonymity.

Originally, Shein had filed confidentially for an initial public offering (IPO) in the U.S. in November but turned to London after facing opposition from American lawmakers.

Concerns have been raised in the U.S. regarding Shein’s supply chain practices, including allegations of forced labor, as well as its use of a U.S. tax exemption for low-value imports known as de minimis.

While Shein still prefers a U.S. IPO, sources indicated that the move to file in London does not guarantee the IPO will proceed there, CNBC has reported.

read more: https://www.cnbc.com/2024/06/24/shein-files-for-london-ipo.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley