Shein Prepares For London IPO After Facing Block From US Stock Exchange
The Chinese fast-fashion brand Shein is stepping up preparations for a London IPO listing. Shein attempted to enter the New York Stock Ex change ( NYSE ) but faced hurdles from US lawmakers, two people with knowledge of the matter said. The online fashion retailer plans to file with the London Stock Exchange ( LSE ) as early as this month, said one of them. The fashion brand plans to inform China’s securities regulator about the change of the initial public offering (IPO) venue. Also Read: Currency: What To Expect From the U.S. Dollar This Week? The China-based fashion retailer is in touch with London-based fund managers and conducted introductory meetings about the listing, reported Reuters. However, both Shein and the LSE declined to comment about the upcoming IPO listing. In addition, China’s Securities Regulatory Commission (CSRC) declined to comment on the development. After NYSE Listing Failure, Shein Eyes London Stock Exchange (LS...