IPO news and archive

Shein reportedly mulling less than 10 percent share sale ahead of London IPO

Chinese fast fashion giant Shein is believed to be mulling a request to UK regulators to waive listing rules requiring at least 10 percent of its shares be sold to the public ahead of its London IPO. This is according to Reuters, which cited two sources with knowledge of the matter, one of whom said Shein was exploring this option to facilitate...

Business

Delta Galil moves towards US IPO with confidential filing

Delta Galil Industries has confidentially submitted a draft registration statement on form F-1 with the US securities and exchange commission eyeing a proposed US initial public offering (IPO) of its ordinary shares. However, the company said in a statement that the number of ordinary shares to be offered, the price range for the proposed...

Business

Shein IPO reportedly facing regulator delays due to NGO concerns

Financial regulators in the UK have delayed their approval of Shein’s IPO after it faced challenges from advocacy groups with anti-slavery stances. According to sources for Reuters, the Financial Conduct Authority (FCA) is believed to be checking the fast fashion giant’s supply chain oversight and assessing possible legal risks in relation to...

Business

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

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...

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...