Good morning!
To kick off the discussion this morning, I thought I'd mention the proposed IPO of Shein in London.
Over the last few days, reports in mainstream media have suggested that the FCA might allow this IPO to go ahead, despite human rights concerns. Shein is said to have filed initial paperwork back in June.
From MorningStar:
Financial Conduct Authority Chief Executive Nikhil Rathi told the FT that it was “not unusual” for UK-listed companies to carry legal risks globally. However, a priority is ensuring risks are disclosed, so investors can make informed decisions.
“What parliament has not asked us to do is to be a broad regulator around every aspect of corporate behaviour,” Rathi said, but declined to comment on Shein specifically.
In a market that has been starved of IPOs for some time, a £50 billion IPO would be of great benefit to many in the City.
And from an investor point of view, it would be fascinating to see the successor to Boohoo (LON:BOO) and Asos (LON:ASC) exposed to the limelight. Readers will remember that Boohoo has in the past faced accusations over working conditions.
How would you feel about investing in Shein?
1pm: we're all done for today, cheers!
Explanatory notes
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A key assumption…
