Retailer Shein gets FCA approval for London IPO but faces challenges over tariffs and Chinese regulation
Sanziana Georgescu
Economy
sursa foto: SOPA Images / ddp USA / Profimedia
Always see our news on Google
Shein has had its initial public offering (IPO) approved by the UK's Financial Conduct Authority, a key step towards a London listing. However, the company is facing market turmoil due to new US tariffs and strict regulations in China. Although valued at $66bn, Shein plans to reduce its valuation to $50bn and the impact of the removal of the US 'de minimis' regime could affect pricing and sourcing strategy. The company works with 5,800 suppliers and has moved its headquarters to Singapore, but needs approval from Chinese authorities to list in London.
Sources
Gigantul chinezesc Shein, vizat direct în războiul comercial lansat de SUA, un mare pas pentru listarea la Bursa de la Londra
Shein primește undă verde pentru listarea la bursa din Londra
Shein obţine aprobarea Marii Britanii pentru listarea la bursă de la Londra și aşteaptă avizul Chinei (surse Reuters)
Shein obţine aprobarea Marii Britanii pentru listarea la bursă de la Londra și aşteaptă avizul Chinei (surse Reuters)
Latest News
22:58
The Oradea City Hall will turn on the public lighting an hour later to reduce energy consumption.
22:42
Volodymyr Zelensky dismissed Olha Stefanișena from the position of ambassador to the USA, in the context of allegations of embezzlement.
22:30
Switzerland: An outbreak of legionellosis in Basel has led to 26 cases / Authorities suspect cooling towers as the source of contamination
22:18
Unit 2 of the Cernavodă Nuclear Power Plant can operate for only five days due to the decrease in the Danube's water level.
21:57
At Mița, the cyclist turns off the architectural lighting of the facade to reduce energy consumption.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
