London Stock Exchange news and archive

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...

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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

Superdry extends PUSU deadline

British retailer Superdry has been granted an extension of its PUSU deadline as discussions surrounding a potential offer for the company remain ongoing alongside its turnaround plan. Earlier this month, the company confirmed that it was exploring a possible buyout after a request by founder Julian Dunkerton to the board was approved, allowing...

Business

Shein reportedly in talks for London listing

Fast fashion giant Shein is understood to be considering a London public listing, despite previously being reported to have filed documents for a New York float. The company’s executive chairman, Donald Tang, is said to have met with the London Stock Exchange and other UK-based stakeholders, according to Sky News, fueling the additional listing...

Business

Asos makes stock exchange listing move

Fashion e-tailer Asos has confirmed it will be delisting the company’s Ordinary Shares on AIM from February 21. The retailer will be admitting the shares to the premium segment of the Official List of the Financial Conduct Authority (FDA) and to trading on the Main Market of the London Stock Exchange effective from the morning of February 22. It...