Shein: Will the company go public in London? – News




Shein: Will the company go public in London? – News – SRF























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  • According to the TV channel Sky News, the fast-fashion group Shein is making another attempt at an IPO in London.
  • Shein confidentially filed for an IPO in the US at the end of 2023. This was rejected because the company is suspected of using forced labor to produce its products.
  • The company is also criticized for evading import duties.

According to a media report, the Chinese cheap fashion retailer Shein is preparing to go public on the London Stock Exchange, which could value the company at around 50 billion pounds (around 57.46 billion Swiss francs). Sky News reported on Sunday, citing people familiar with the plans, that the online retailer, known for its inexpensive and quickly changing collections, could submit the relevant documents confidentially to the stock exchange regulator as early as next week.

1.14 billion francs additional

Shein was not immediately available for comment. If it is listed on the London Stock Exchange (LSE), Shein is expected to raise over one billion pounds (1.14 billion Swiss francs) by selling new shares to investors, according to the report.

In its last financing round at the beginning of last year, the company was valued at 66 billion dollars (59.5 billion Swiss francs). A Shein IPO would be a great success for the LSE, after several IPO aspirants recently turned their backs on the London financial center.

According to previous statements by other insiders, Shein had confidentially applied for an IPO in the US at the end of 2023, but had encountered resistance there. The company, founded in China and now based in Singapore, is suspected of using forced labor to produce its fashion items. It has also been criticized for its practice of shipping goods directly from China to foreign customers. This allows the company to avoid import duties.


SRF 4 News, 03.06.2024 ;


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