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
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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)
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