1. How did Shein become controversial?
US investors are about to lose out on Shein’s huge initial public offering, after the fast-fashion giant with Chinese roots filed confidentially for a listing in London instead, according to people familiar with the matter.
An IPO could value the company at about GBP50 billion ($85.91 billion). Dealmakers in New York once reaped huge fees from Chinese companies going public; now they wonder whether the regulatory clouds that set in after Didi Global’s 2021 US IPO turned into a debacle will ever lift.
