Advertisement
Canada markets closed
  • S&P/TSX

    21,953.80
    +78.01 (+0.36%)
     
  • S&P 500

    5,509.01
    +33.92 (+0.62%)
     
  • DOW

    39,331.85
    +162.33 (+0.41%)
     
  • CAD/USD

    0.7310
    -0.0001 (-0.01%)
     
  • CRUDE OIL

    83.10
    +0.29 (+0.35%)
     
  • Bitcoin CAD

    84,063.66
    -2,076.47 (-2.41%)
     
  • CMC Crypto 200

    1,322.71
    -21.80 (-1.62%)
     
  • GOLD FUTURES

    2,337.80
    +4.40 (+0.19%)
     
  • RUSSELL 2000

    2,033.87
    +3.81 (+0.19%)
     
  • 10-Yr Bond

    4.4360
    -0.0430 (-0.96%)
     
  • NASDAQ futures

    20,240.25
    -15.00 (-0.07%)
     
  • VOLATILITY

    12.03
    -0.19 (-1.55%)
     
  • FTSE

    8,121.20
    -45.56 (-0.56%)
     
  • NIKKEI 225

    40,383.66
    +308.97 (+0.77%)
     
  • CAD/EUR

    0.6801
    +0.0001 (+0.01%)
     

Shein filed papers for London listing in early June - Reuters

Investing.com -- Online fast fashion group Shein confidentially filed papers with Britain's markets regulator in early June to begin the process for a potential listing in London later this year, according to Reuters.

Citing two unnamed sources with knowledge of the deal, Reuters added that Shein has told China's securities regulator about its plans to change its listing venue. However, Reuters reported that officials in China have to sign off on the switch.

Shein, which was founded in China and has been valued at $66 billion, first began exploring a London listing earlier this year, Reuters said. Its prior plans to list in New York were scrapped after the move received backlash from U.S. lawmakers.

A spokesperson for the company as well as a spokesperson for the British markets watchdog both declined to comment, Reuters said.

ADVERTISEMENT

Related Articles

Shein filed papers for London listing in early June - Reuters

Tesla 'one of the worst positioned' auto stocks for Q2 earnings season: analysts

JPMorgan says Micron stock could peak near $200