US investors appear to be on the verge of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots prepares a confidential filing for a listing in London instead.
Singapore Exchange Market falls 0.3%
At closing bell, the Straits Times Index (STI) index was down 9.93 points, or 0.3% to 3,338.94 after trading between 3,332.88 and 3,349.17. Across the broader market, decliners outpaced advancers 281 ...
China-founded online fast-fashion retailer Shein to file IPO in London: UK media reports
The Singapore-headquartered company, which has signed Goldman Sachs, JP Morgan and Morgan Stanley as financial advisers, aims to raise over 1 billion pounds (US$1.28 billion) from the IPO, which would value the company at around 50 billion pounds ...
HSBC opening 3 wealth centres in Singapore as part of pivot to wealth banking
HSBC plans to open three wealth centres in Singapore by the first quarter of 2025, as part of its strategy to build its international and wealth propositions. The bank is increasing its investments ...
Standard Chartered accused of helping Iran-linked terrorist funders
Standard Chartered is alleged to have facilitated billions of dollars worth of transactions for Iran-linked entities, including funders of terrorist groups, according to fresh US court filings.
Best Credit Card Promotions in Singapore (Jun – Jul 2024): Citibank, DBS, HSBC, UOB, and More
This June, we're giving away Category 1 Tickets for ASMeiR Max 2024 World Tour - Singapore (worth $656 per pair), a Samsung Galaxy S24 Ultra 512GB (worth $2,458), an exquisite dining experience for 2 ...
As Shein’s IPO approaches, what will it mean for the ultra-cheap online retailer and for London?
Although Shein has not officially announced a date, its eventual IPO would be London’s most high-profile in years. What do we know about the IPO? It is coming very soon and it’s probably going to happen in London.
Singapore shares open lower on Tuesday—STI fell by 0.1%
SINGAPORE: Singapore shares opened lower on Tuesday, June 4, influenced by the mixed performances of... The post Singapore shares open lower on Tuesday—STI fell by 0.1% appeared first on The Independe ...
European IPO Market Roars Back to Life: A Promising Start to 2024
SINGAPORE, SINGAPORE / ACCESSWIRE / June 3, 2024 / The IPO market has roared back to life in 2024, showcasing its strongest start since the 2021 boom. High-profile transactions involving companies like Galderma, Douglas, Puig, and CVC have signaled a ...
Singapore Releases Environmental Crimes Money Laundering National Risk Assessment
Singapore recently released the Environmental Crimes Money ... Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment ...
5 Singapore Blue-Chip Stocks That Can Propel the Straits Times Index to a New High
With indices in the US hitting new highs, these five stocks could push Singapore’s Straits Times Index to a new record. The post 5 Singapore Blue-Chip Stocks That Can Propel the Straits Times Index to ...
When will Singapore’s next general election be held? Political buzz sparks polls gear-up
The election boundaries committee had yet to be convened as of May 31, but analysts haven't ruled out a September election based on past timelines New PM Lawrence Wong should not be in a hurry and ...
Shein IPO: Why the rumored London stock listing is as surprising as it is controversial
China-founded Shein is rumored to eyeing an IPO on the London Stock Exchange, a surprising choice for the fast-fashion behemoth
Eco-friendly financing needs rise in Asean as regulations evolve: corporate and investment banking expert
AS SUSTAINABILITY regulations evolve and disclosures are enhanced, eco-friendly finance is poised for a surge with governments across South-east Asia increasingly seeking blended financing solutions ...
OCBC sees positive structural demand drivers for Sembcorp but lowers fair value estimate slightly to $6.73
“As mentioned in our earlier report, the group plans to invest $14 billion over 2023-2028 and fund half of this growth via operating cash flow, a fifth by capital recycling and partnerships, and a ...
Singapore investing $1 million to research how built environment impacts mental well-being
Singapore is pumping $1 million into research into how the built environment can have an impact on mental well-being. The findings may shape future plans to make urban spaces healthier and more ...