Experts say Shein's U.S. IPO is all but dead
Publishing timestamp: 2024-06-21 09:00:01
Summary
Shein's plans for a U.S. IPO are facing challenges due to political tensions between Beijing and the U.S., national security concerns, and allegations of forced labor. The company is now reportedly considering a London IPO instead.
Sentiment: MIXED
Tickers: GPS, SPG, M, UNDEFINED, TJX, WMT, AMZN, TGT,
Keywords: london, ipo, business, grindr inc., breaking news: business, target corp, zeekr intelligent technology holding ltd, simon property group inc, business news, gap inc, united states, amazon.com inc, macy's inc, cybersecurity, walmart inc, tiktok, china, tjx companies inc, retail industry,
Source: https://www.cnbc.com/2024/06/21/shein-us-ipo-is-dead-experts-say.html