IPO news and archive

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

Walgreens presses pause on plans for Boots IPO

Walgreens Boots Alliance Inc. (WBA.O) has reportedly shelved its plans for a potential initial public offering (IPO) of UK-based drugstore chain Boots as it continues to explore other opportunities. On Friday afternoon, Bloomberg News reported that Walgreens Boots Alliance was continuing “informal talks with potential buyers” for Boots, which...

Report

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...

Report

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...

ReportFeatured

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...

Report

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...

Report

Puig prepares to go public, setting share price at 24,50 euros

Spanish fragrance and fashion conglomerate Puig is poised to debut on the stock market this Friday, marking one of the most highly anticipated IPOs of the quarter. The company, which owns prominent brands like Dries Van Noten, Byredo, and Charlotte Tilbury, seeks to raise 2.6 billion euros, with a share price guidance of 24.50 euros per share,...

ManagementFeatured

Puig targets 1.25 billion euro equity raise in planned Spanish IPO

Spanish beauty and cosmetics giant Puig has announced its intention to make an initial public offering (IPO) of its class B shares on Spanish Stock Exchanges, with the goal of bringing in a total of 2.5 billion euros (2.7 billion dollars) in funding. According to a regulatory filing for the parent company of Jean Paul Gaultier, Paco Rabanne and...