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Shein set to boost London with IPO
London is in desperate need of a blockbuster IPO. This may be delivered in the form of Shein, the Chinese fast fashion brand. Should the company press on with its reported plans to list on the London Stock Exchange, it will be the biggest IPO in London so far this year and provide a much-needed […]
Both names would bring some sparkle to the market and potentially encourage other companies to take advantage of the new-found oomph in UK equities,” said Dan Coatsworth, investment analyst at AJ Bell. While Shein would be a boon for London’s capital market, some analysts have highlighted the additional scrutiny the business would come under may reveal turn-offs for investors in terms of supply chain practices. “With Shein reportedly homing in on a potential London IPO the last thing the Chinese fast fashion retailer needed was further scrutiny of its supply chain,” said AJ Bell head of financial analysis Danni Hewson.
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