CITY AM – Just looking: Shein float in London would set off investor ESG alarm bells
CITY AM SAYS Fast fashion giant Shein has reportedly spoken to London stock market bosses about shifting a planned IPO from Wall Street to the capital.
Senior figures from the retailer reportedly met LSE chiefs last week, according to Sky News’ Mark Kleinman.
The online retailer is valued at around $80bn but has been embroiled in controversy in recent years over its working practices and a lack of transparency.
Shein – founded in China but now headquartered in Singapore -was reported to have filed paperwork with the US authorities as recently as last month to launch the process of a Wall Street float.
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