Shein Plans to File for a London IPO as Soon as This Week

Bloomberg06-03

Offering could value online retailer at about £50 billionIPO would help revive equity capital markets in the UKOnline fashion retailer Shein is set to file for an initial public offering in London as ...

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hippyboy
06-03
hippyboy

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US Senator Marco Rubio was among those asking the SEC to block it, saying the company needs to disclose more about its operations in China.Shein, which was founded in China and is now headquartered in Singapore, declined to comment to Bloomberg News on the IPO.The company still needs approval from the China Securities Regulatory Commission to proceed with the listing under new rules that spell out the vetting required of companies ahead of an IPO outside China.Talk of the IPO has resurfaced after the UK announced elections for July 4, with opinion polls showing the opposition Labour Party far ahead of the Conservatives. 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