IPO news and archive

Hong Kong apparel producer Riverstone files for US IPO

Hong Kong-based apparel manufacturer Riverstone has filed for a US IPO, with plans to list on the Nasdaq Capital Market under the ticker symbol ‘DNJF’. The company is aiming to raise 15 million dollars by offering 2.5 million ordinary shares at an expected price range of five to seven dollars per share, a Securities and Exchange Commission...

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Watchmaker Fossil eyes IPO for Indian unit

Luxury watchmaker Fossil Group Inc. is reportedly considering an Initial Public Offering (IPO) for its Indian arm, Fossil India Pvt., aiming to capitalise on the country's booming market for new listings, according to a Bloomberg report. Following the news, the company's shares jumped 44 percent in Wednesday morning trading. Quoting people...

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Shein reportedly files for Hong Kong IPO

Fast fashion giant Shein is believed to have confidentially filed for an initial public offering in Hong Kong as it looks to pressure UK regulators to approve of a London listing. This is according to sources for the Financial Times (FT), who said the China-founded, Singapore-based company had privately filed a draft prospectus with Hong Kong’s...

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Shein to reportedly confidentially file for Hong Kong IPO

Fast fashion giant Shein is believed to be planning to confidentially file a draft prospectus for a Hong Kong IPO. This is according to three sources for Reuters, one of which said the filing could be submitted as soon as this week. Two sources said that, if approved, Shein’s intention to file confidentially would be a waiver of one of the main...

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Shein reportedly eyeing Hong Kong listing as London IPO plans halt

Shein is seemingly changing course. The Chinese fast fashion giant is believed to now be looking to Hong Kong for its initial public offering (IPO) after plans to list in London grinded to a halt. According to sources for Reuters, Shein has turned to Hong Kong after it failed to get Chinese regulators to approve of its London Stock Exchange...

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Shein pauses London IPO as US tariffs and customs clamp down

Fast fashion giant Shein is believed to have halted plans for its London IPO as uncertainty around tariffs continues to heighten. The company is said to have not renewed contracts with two corporate communications firms that had been brought in to advise on the potential listing, according to The Times. FGS Global and Brunswick had reportedly...

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Klarna pauses IPO plans amid tariffs uncertainty

Buy-now, pay-later platform Klarna has reportedly pressed pause on its plans for an initial public offering (IPO) amid ongoing uncertainty surrounding global tariffs. People familiar with the matter had told The Wall Street Journal (TWSJ) that Klarna was halting its pursuit of a US listing, which had initially been scheduled to take place this...

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Shein chairman confirms IPO plans

Fast fashion giant Shein has confirmed plans to float on the stock market. In conversation with The Times, executive chairman Donald Tang said he wished for the Singapore-headquartered firm “to embrace the accountability and transparency of being a public company”. Tang declined to comment on the timing, valuation and destination of the listing,...

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Shein attempts to reassure investors as IPO faces uncertainty

Shein, China's much-maligned fast fashion giant, is trying to reassure investors after US President Donald Trump's decision to end the de minimis regime, which exempted low-value imports from China from customs duties. The move could significantly impact the company's business model, as it prepares to go public in London. In a letter to...

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Shein delays London IPO due to strict approach from Trump

Shein's initial public offering (IPO) in London is facing yet more delays. The fast-fashion giant initially aimed to list on the London Stock Exchange around Easter 2025 (approximately April 20). However, according to the Financial Times (FT), the Chinese company will reportedly miss this target due to "Trump's crackdown on low-value packages"....

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Shein IPO faces lawsuit from workers’ rights NGO

Shein is facing further obstacles when it comes to pursuing its reported 50 billion pound IPO in the UK. NGO Stop Uyghur Genocide (SUG) is said to be considering legal options to increase pressure on the region’s Financial Conduct Authority (FCA) if a flotation is approved. SUG has issued a 14-day deadline to the FCA to respond to its pre-action...

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Castore plans store openings as December revenues grow, reportedly considering flotation

Sportswear brand Castore has reported its “strongest ever sales performance” for the Christmas trading period, with “record” revenues up 16 percent year-on-year over the month of December. The company said the increase came as a result of a “resilient” sportswear market, backed by customers continuing to prioritise their health and wellbeing....