Drew Bernstein, co-founder and co-chair, MarcumAsia published an article on Forbes.com regarding the potential ban of Shein’s IPO in the U.S.
Forbes.com
Oleh Drew Bernstein, Pengerusi Bersama, MarcumAsia
Petikan
Heading into 2024, the most anticipated U.S. IPO was said to be Shein, the fast-fashion juggernaut that has upended the industry with an unending stream of low-cost, trendy clothes and an army of social media influencers who celebrate their #SHEINhauls full of tops, skirts and jewelry for less than the cost of lunch.
In any sane era, this would be the type of capitalist success story for which U.S. exchanges would roll out the red carpet and that institutional investors would appraise carefully as a potential core holding. Instead, prominent U.S. Senator Marco Rubio sent a letter to the SEC demanding that the agency block the IPO unless Shein provided “enhanced disclosures” about the risk of its operations in China.