Major investors in fast fashion giant Shein have privately asked the firm to consider buying back their shares, according to a report by the South China Morning Post that cited unnamed sources, as Shein faces resistance to its plan to list in London. The China-founded and now Singapore-headquartered company reportedly switched its long-awaited IPO to London from New York in May this year due to regulatory hurdles in the US, but there have been no reports or evidence confirming Shein has filed a prospectus with the London Stock Exchange. The SCMP report also noted that deals selling Shein’s shares on private markets continue to take place due to concerns over its potential IPO returns. [SCMP]
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