IPO news and archive

Groupe Dynamite debuts 215 million dollar IPO

Canadian fashion retailer Groupe Dynamite has launched its 300 million Canadian dollar (215 million US dollar) initial public offering on the Toronto Stock Exchange, which upon entering shares fell 2 percent. The company began trading on Thursday under the ticker symbol GRGD, with underwriters agreeing to trade over 14.2 million subordinate...

Business

Groupe Dynamite eyes 1.7 billion dollar valuation in new IPO

Canadian retailer Groupe Dynamite has announced the launch of its initial public offering (IPO) in its home region, with which it is targeting a price of between 19 and 23 dollars per share, potentially raising approximately 300 million dollars. This would put its valuation at around 1.7 billion dollars. According to the company, which owns...

Business

Shein reportedly mulling selling shares to British public

Fast fashion giant Shein is understood to be considering selling its shares to the British general public as part of its controversial listing on the London Stock Exchange. Plans for such a procedure, which is being backed by the company’s bankers, including JP Morgan, are believed to be at an early stage, according to The Telegraph, which...

Business

Mary Portas backs petition attempting to block Shein’s UK IPO

Retail expert Mary Portas has backed a newly launched petition calling on the UK government to block Shein’s controversial IPO filing on the London Stock Exchange. Sharing a link to the petition in her Instagram story, Portas joins a growing number of fashion and retail businesses, figures and experts in expressing concern over the possibility...

Business

Amnesty International: 'Possible Shein IPO raises human rights concerns'

Chinese fast fashion giant Shein is believed to have filed for an IPO in London earlier this week, a move that is causing great concern within human rights organisation Amnesty International, which spoke of "a worrying development" in a press release. Shein works with smaller clothing manufacturers in China who, according to Amnesty...

Business

Shein reportedly ups prices amid IPO battle

Fast fashion giant Shein is believed to have hiked up its prices on some core products ahead of its impending IPO filing. According to data from research firm Edited, seen by Reuters, some of the retailer’s prices have been raised by as much as over a third of their original cost, exceeding similar upticks of rivals such as Zara. Comparing...

Business

British Fashion Council voices concern over Shein's London IPO

Voices of opposition are growing louder against the potential listing of Shein, the ultra-fast fashion giant, on the London Stock Exchange. The British Fashion Council (BFC) has joined the chorus of campaigners expressing concern over this move. Caroline Rush, the BFC's chief executive, conveyed her apprehension, stating, "At a time when global...

BusinessFeatured

Why Shein is aiming for an IPO in London and not New York

Chinese ultra-fast fashion giant Shein could soon list on the London Stock Exchange. An initial public offering (IPO) prospectus is expected to be filed in the next few days, potentially valuing the company at 64 billion US dollars. According to a source close to the matter at Business of Fashion, Shein is considering a London listing as early...

Business

Shein to reportedly file confidential prospectus in London

In what is set to be a considerable step towards a possible London flotation, fast fashion giant Shein is reportedly preparing to file a confidential prospectus with local regulators that would value the company at around 50 billion pounds. The China-founded, Singapore-based business is believed to be in the process of filing the prospectus for...

BusinessFeatured

Shein faces more IPO obstacles as UK politicians express concern

Chinese fast fashion giant Shein may be facing more obstacles in its pursuit of an IPO after senior politicians in the UK began expressing their concern over its apparent mission of filing on the London Stock Exchange. While it had previously been reported that the region’s government was eager to push forward with what would be the second...

Business

Shein reportedly approaches former UK chancellor ahead of IPO

Ahead of what is set to potentially be a major IPO filing, Shein is believed to have approached the UK’s Sajid Javid for a possible appointment to the Chinese fast fashion giant’s board. According to Sky News, alternatively Javid, the former chancellor of the exchequer, is among those also being considered for an advisory role at Shein, with the...

Business

Puig IPO raises 2.6 billion euros

Europe’s biggest IPO of 2024 saw Spanish conglomerate Puig exceed its share price of 24.50 euros to 25.50 euros on Friday, resulting in a market capitalisation of 13.9 billion euros after it sold 106.5 million shares. The funds raised, some 2.6 billion euros, will allow the fragrance and fashion group to make further acquisitions and reduce its...