Good morning Clothing giant Shein is reportedly considering moving its IPO to London, the Kansas Fed president calls for patience on rate cuts, and Bitcoin hits its highest level since 2021. Here's what people are talking about.
Fast fashion company Shein is considering the possibility of moving its initial public offering from New York to London because of hurdles to listing in the U.S., according to people familiar with the matter. Singapore-based Shein believes it is unlikely that the U.S. Securities and Exchange Commission will approve its initial public offering, said people who requested anonymity to discuss confidential information. A London listing would be a potential boon for the struggling market.
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