Fast-fashion firm Shein plans to file for London IPO as soon as this month - Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 10 2024
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Source: SeekingAlpha
- Shein's Potential IPO: Shein, a Chinese fast-fashion platform, may file for an initial public offering on the London Stock Exchange this month.
- Reason for London IPO: Shein is considering the London IPO due to regulatory issues with a US listing and has approached London-based fund managers for meetings.
- Valuation Concerns: Shein investors are reportedly trying to sell shares at lower valuations of $45B to $55B, down from $66B in May.
- Competition and Challenges: Shein faces competition from PDD Holdings' Temu and accusations of copyright infringement from companies like Uniqlo and H&M.
- Forced Labor Compliance: Shein is enhancing forced labor compliance efforts to address concerns raised by U.S. regulators.
Analyst Views on PDD
Wall Street analysts forecast PDD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PDD is 146.39 USD with a low forecast of 118.00 USD and a high forecast of 167.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 106.020
Low
118.00
Averages
146.39
High
167.00
Current: 106.020
Low
118.00
Averages
146.39
High
167.00
About PDD
PDD Holdings Inc. is a multinational commerce company that owns and operates a portfolio of businesses. The Company is focused on bringing businesses and people into the digital economy, which benefits local communities and small businesses from improved productivity and new opportunities. The Company has built a network of sourcing, logistics, and fulfillment capabilities that support its underlying businesses. Its Pinduoduo platform provides buyers with a comprehensive selection of value-for-money merchandise and fun and interactive shopping experiences. The Temu, a global e-commerce platform which brings together buyers, merchants, manufacturers, and brands from around the world, offers a selection of merchandise in product categories such as apparel, electronic appliances, household goods, sports and fitness, tools and home improvement, and pet supplies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
