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Shein Considering Sale of <10% of Firm's Shrs to Public in London IPO: Report
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Shein, a fast fashion retailer, is considering asking British regulators to relax listing rules that require it to sell at least 10% of its shares to the public in its planned London IPO, Reuters quoted sources as saying. If approved, it could be the first time a company has been allowed to list below the 10% requirement on the London Stock Exchange (LSE), according to the report. Shein confidentially submitted an application to the UK's Financial Conduct Authority (FCA) in June 2024 for listing in London. AAStocks Financial News |
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