Shein Files for US IPO in Major Test for Investor Appetite businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.
Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering (IPO), and Singapore-based Shein could launch its new share sale some time in 2024, the sources said. Shein has not determined the size of the deal or the valuation at IPO, the sources said.
U.S. furniture
company head Jordan England thinks his firm s Chinese suppliers
are among the best in the game, but geopolitics and a slowing
economy have pushed him to source more products from.
An investment fund backed by
China s National Social Security Fund was launched in Shanghai,
with a size of 5.1 billion yuan for its first
phase, the financial regulatory authority in Shanghai said. -November 22, 2023 at 10:07 pm EST
- MarketScreener
Hong Kong-based tissue and diaper maker Vinda International on Monday confirmed that Essity has held preliminary discussions with a number of third parties for a sale of the Swedish company s.