The wrinkle in Shein’s IPO plans

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 12 June 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In November, online fast-fashion giant Shein filed paperwork to go public in the US. Since then the process has not moved forward at all — and it looks like Shein’s ties to Beijing could be to blame. The FT’s China tech correspondent Eleanor Olcott explains how Shein has tried to distance itself from China to appease US regulators, and where it might go public instead.

Clips from Reuters, Bloomberg, Yahoo Finance

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For further reading:

Shein switches focus to London after New York IPO stalls

Shein’s London IPO flirtation

Shein profits double to over $2bn ahead of planned listing

Fund managers give cool reception to prospect of Shein London IPO

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On X, follow Eleanor Olcott (@EleanorOlcott) and Saffeya Ahmed (@saffeya_ahmed).

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
0:02.0	Can I show this data?
0:04.0	Am I too late?
0:05.0	Find clarity in your investment decision-making.
0:08.0	Manage your portfolio for sustainable growth
0:11.0	and regulatory alignment
0:12.0	with the ultimate blend of powerful AI and
0:14.6	industry expertise.
0:16.5	Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on
0:21.1	facts, not opinions.
0:23.0	Clarity AI scaling human decisions through tech.
0:26.6	Visit clarity.
0:28.0	AI and take action today.
0:29.5	If you've ever found yourself aimlessly scrolling on Tik-talk, you may have come across videos like these.
0:38.0	Let's do a Sheen Hall because my last package just came.
0:41.0	I just bought my $200 Sheen cart, so haul. My wedding dress was $37. It's from she in.
0:47.0	People didn't really know this company until about two or three years ago I would say.
0:54.0	That's Eleanor Alcott.
0:56.0	She's the F.T's China Tech correspondent.
0:58.0	And she's a resident expert on online fashion giant Sheehan.
1:02.0	They started to really explode during the pandemic
1:06.0	because everyone was shut in at home
	...

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