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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK investment minister: Lawmakers should apply 'common sense' to betting endeavorsU.K. Investment Minister Lord Dominic Johnson discusses the recent betting scandal and trust in Britain's political landscape.
Persons: Dominic Johnson Organizations: Investment
Shein in discussions about London IPO, UK minister says
  + stars: | 2024-05-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShein in discussions about London IPO, UK minister saysLord Dominic Johnson, minister of state in the U.K.'s Department for Business Trade, says the government has been in talks with retail giant Shein about a possible listing on the London Stock Exchange.
Persons: Lord Dominic Johnson Organizations: London, Department for Business Trade, London Stock Exchange
The Chinese-founded fast-fashion giant is reported to have turned its attention to the LSE after facing regulatory and political challenges over a potential initial public offering in New York. U.S. lawmakers have raised several concerns about Shein, including over the transparency of its supply chain. The LSE has struggled to court high-growth companies in recent years compared with markets in Asia and the U.S., and has recently lost significant players including travel group TUI and cybersecurity firm Darktrace. However, British computing startup Raspberry Pi last week said it plans to list in London. CNBC has contacted Shein for comment.
Persons: Lord Dominic Johnson, Johnson, Shein, — Jenni Reid Organizations: London Stock Exchange, Department for Business Trade, CNBC, LSE, New York . Locations: New York, New York . U.S, Asia, U.S, London
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