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Advertising Stop for Chinese Fashion Company Shein on May 4, 2025 in London, UK.
Mike Kemp | In the pictures Gets the image
Shane’s fast fashion problems continue to be fastened after the long -awaited London initial public proposal (IPO) reportedly hit a fresh part of the block.
Currently, Behemoth e -commerce is committed to the list of Hong Kong after the Chinese regulators have not been permitted for its very promoted London IPO, Reuters reports on Wednesday.
The London List was regarded as a good for a 16-year-old Chinese company that provides international legitimacy and access to a deep and mature pool of Western investors. Analysts, however, stated that they were not surprised, conducting constant control around the company.
“We always said that we thought Hong Kong would be a safer IPO option for Shane,” said Samuel Kerr, head of the World Capital Markets in Mergermarket, said “Squawk Box Europe” CNBC.
“For international investors, this will always be an IPO that had a lot of hair, and maybe it will be better playing for a home audience,” he added.
Neither Shane nor the Chinese regulator of the Chinese Securities Regulation Commission (CSRC) did not respond to CNBC’s request for plans. Hong Kong exchanges and Clearing Limited said they did not comment on individual companies.
Shane encountered a heavy battle in his ambitions in the list, as he seeks to shake the allegations of the use of forced labor to produce his T -shirts of $ 5 and $ 7. While he brutally denies claims, Shane last year moved his attention from the New York list to London after faced with the constant abandonment of such US legislators.
Meanwhile, concern about his commercial practice caused an investigation of the EU that earlier this week find The company violates the laws on consumer protection, including the use of counterfeit discounts, pressure sales and mislead buyers about sustainable development requirements.
This month’s closure in the United States minimizing low -cost goods – and possible similar measures from the EU and the UK – only added to the company’s trouble.
“Criticism that looked to strengthen, which leads to the London list, is considered partially why Chinese regulators are reluctant to give the IPO green light,” he wrote on Wednesday on Wednesday on Wednesday.
London loss?
The proposed London list of Shane is also considered as providing a very necessary incentive to the unsuccessful IPO market after a series of listings and defects against intensive competition from other financial markets.
“It will be a blow for the ambitions of London to attract big names in the capital, but given that the obstacles are going, it is not surprising (what) seems to be the company in the other direction,” the striker said.
However, some have expressed concern that the location of conflicting lists as the face of IPO London’s revival may send investors the wrong signal.
“There was a little concern in London by the fact that Shane would be considered a barometer for the future of the London Stock Exchange and for IPOs returning to London. I think it would be problematic,” Kerr said.
Customers visit the Spring Boutique Temporary Shop at Shane’s Palace Jurekini on March 23, 2024 in Milan, Italy.
Emmanuel Kremashi | Getty Images Entertainment | Gets the image
Additional control in the UK was also seen as a pressure on Shane’s assessment against the background of comparisons with other listed retailers such as Aso. Subsequent and Boo. The company is reportedly under pressure to reduce the London list to $ 30 billion, In the hall to Bloomberg, declined from previously estimated $ 50 billion.
“The departure from the UK and away from those colleagues in the UK will probably allow her to get a higher praise,” Kerr said.
Meanwhile, the Shane list can provide even more good for Hong Kong in that it creates a strong year for the market after fresh capital flow flows from offshore and offshore.
“It would be a significant milestone for Shane to list either in London or in New York, given the maturity, depth and potential of these markets,” said CNBC Rui MA, founder and analyst Tech Buzz China via email.
“Given this, the markets are ultimately determined by the quality of their lists and participants. The Shein List is a win for Hong Kong – but it is not yet a turning point,” she added.
Shein Investors CNBC talked to refuse to comment on the listing posts.
