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WSJ What’s News

Fast-Fashion Retailer Shein Files to Go Public

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 28 November 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

A.M. Edition for Nov. 28. After disrupting the clothing industry, China-founded Shein could soon test the U.S. public-listing market with a massive IPO. Journal editor Alex Frangos explains the scrutiny it is likely to face before then. Plus, we’ll look at Germany’s dramatic response to fiscal stress being felt across much of the world. And a passenger jet running on sustainable fuel embarks on a first-ever trans-Atlantic flight. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Krakhan.

0:03.0

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0:06.0

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0:19.4

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0:22.8

don't invest unless you're prepared to lose all the money you invest this is a high-risk

0:26.2

investment and you should not expect to be protected if something goes wrong Fast fashion giant Sheehan files to go public. Plus we'll look at Germany's

0:40.4

dramatic response to fiscal stress being felt across much of the world.

0:45.0

The federal budget has now been frozen for this year as they try and figure out which areas

0:49.4

they're going to prioritize after this sort of very heavy spending during a pandemic and during this

0:54.4

Ukraine war. And a passenger jet running unsustainable fuel embarks on a first

0:59.9

ever transatlantic flight. It's Tuesday, November 28th. I'm Luke Vargas for the Wall Street Journal and

1:06.1

here is the AM edition of What's News? The top headlines and business stories moving your world today.

1:15.0

Let's begin with China founded fashion company Sheehan, which has filed paperwork for what could be one of the biggest IPOs in years.

1:26.0

We are reporting that the US listing could happen next year,

1:30.0

with it likely aiming for a higher valuation than the $66 billion price tag that accompanied

1:35.8

a fundraising round in May.

1:38.6

So after disrupting the clothing industry, can Sheehan also reignite the rocky IPO market? the

1:43.3

clothing industry, can Sheian also reignite the rocky IPO market.

1:45.0

Journal editor Alex Frangos is here to weigh in.

...

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