Shein won nod from UK regulators for London IPO

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It has ensured the initial approval of the British financial guard to swim in London from the financial guard of the United Kingdom, taking a step on the E-commerce company.

The financial behavior has been approved by the body ShinThe first statement to present the avenue in recent weeks, the information of two people familiar with the process. His consent was good by the US President Donald Trump, after eliminating some tariffs in other trading partners, playing the chaos in global markets.

When NOD, fast-fashioned by FCA, fast-fashioned, the fast-fashioned group is just a precursor to end the final by the guard. The initial consent of FCA was first reported by Reuters.

Shein looks like a great sacrifice Penalty tariffs of the United States It is doubt about China’s evaluation and future prospects for the company, which is based on the majority of the manufacturers.

Broke the Trump The Word of the Minimis RuleTo make the United States duty-free, it allowed less than $ 800 valuable parcels and replaced it with 90 percent tariff.

Moving, Sheen, according to a person familiar with the process, which means that any material change will have to update the prospects for the London IPO with any material change. Although the initial confirmation of FCA does not have time limit, a reconstructed avenue needs a new entry to the regulator.

Experts asked notahi business model in the United States to believe that this additional costs.

“Probably it is very difficult to manage these businesses in the United States in practice and financially,” he said.

Any Shein IPO was now complex from the reality that Trump’s commercial war says “Wide trajectory on the future trajectory of these companies.”

Russ Kalip, an investment director at AJ Bell, said that Sheen IPO was “difficult” in the US-China Trade War.

“Only this is not only to convince the list of investors, but it will not only persuade to work in the United States, and the possibility of a significant impact on tariffs outside a hit.

“This shows that Sheen will emphasize that Sheen said that his growth was the key to the United States and expanding the expansion in large countries.

Shein was worth $ 66 billion in the latest financing period in 2023. But there have been some investors and other stakeholders An agreements for evaluation About $ 30 billion will be cut, and finished finally reported. The group was already Given the delay First of all, the list plans targeted the first half of 2025.

The group, which was established in China and established with the headquarters in Singapore, planned to go to the public in New York in late 2023, but the US Securities and Exchange Commission took the stage.

The initial approval of FCA shows that Shein’s prospectus agrees that the risks in the allegations used in China’s Xinjiang are significantly – British politicians called for the company’s list for congestion. Shein said he was “zero endurance policy” forced forced labor.

However, FCA is not responsible for verifying the accuracy of the information on one avenue. Any inaccurate or shortcomings found later can cause investor claims and FCA’s protection activities.

Shein would still need the consent of Chinese regulators to move forward with an IPO in London.

The Chinese securities regulator previously confirmed the planned IPO planned IPO from New York to the British capital.

China Securities Regulatory Commission, which controls the sea
Lists of Chinese companies can provide an official regulation response
After acquiring official formalities from Sheen’s officials. Final
Approved, but usually rests with high-level bodies
The State Council.

Shein and FCA refused to comment.

Beijing and Cheng Leng by Bellie Olcott and added by Zijing Wu in Hong Kong