Shein’s London IPO Stalled Amid US Tariff Fallout
Shein Group Ltd.’s initial public offering plan has slowed to a crawl as the retailer assesses the impact of US tariffs on its business and awaits regulatory approvals, according to people familiar with the matter. Enthusiasm for what could be London’s biggest IPO in years has been dwindling, with Shein’s
BNPL Firm Klarna Files for IPO
Klarna Group Plc filed publicly for a US IPO in what could be one of the year’s biggest financial company listings. The Stockholm-founded digital payments company’s revenue climbed 24% last year. Klarna had net income of $21 million on revenue of $2.81 billion for 2024, compared with net loss of
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
Fast-fashion retailer Shein’s profit slumped by almost 40 percent last year, putting further pressure on a potential initial public offering in the UK, the Financial Times reported, citing people it didn’t identify. Net income fell to $1 billion even as sales jumped 19 percent to $38 billion, according to the
