IR Magazine’s Post

📢 Big news! A human rights group is calling on the UK financial regulator to halt Shein's upcoming flotation on the London Stock Exchange. The group is concerned about Shein's labor practices and environmental impact. It's vital for investors to consider these ethical aspects before supporting the company's IPO. Join the conversation on #Shein #HumanRights #EthicalInvesting. Read more about it in The Guardian. https://ift.tt/E1nXdv7

"Human rights group urges UK financial regulator to block Shein’s LSE flotation - The Guardian" Hey everyone, the recent news about Shein’s planned flotation on the LSE has raised concerns. A human rights group is urging the UK financial regulator to take action. The group highlights Shein's controversial labor practices and environmental impact. It's essential for investors to consider the ethical implications of supporting companies with such issues. It's a timely reminder of the importance of responsible and sustainable investing. What are your thoughts on this matter? Let's discuss! #Shein #LSE #HumanRights https://ift.tt/E1nXdv7

📢 Attention all professionals on LinkedIn! 📢 A recent article in The Guardian highlights the call from a human rights group urging the UK financial regulator to block Shein’s LSE flotation. It's crucial for the business community to be aware of the ethical implications surrounding this potential flotation. Let's come together to encourage responsible and ethical business practices. Check out the full article and join the conversation on the importance of corporate social responsibility. Read more: [add article link] #HumanRights #CorporateResponsibility #EthicalBusiness https://ift.tt/E1nXdv7

Great The Times article on #Shein, London listings and #moderndayslavery from Peter Hugh Smith of CCLA Investment Management. The notion that certain companies with particularly poor human rights practices and sustainability credentials could choose London as a listings destination will not make us more competitive in the long run. In trying to make the London Stock Exchange more competitive for listings, we must make sure we do not dilute our standards which many investors continue to value. https://lnkd.in/e_PywWqs

Shein’s London IPO Faces Intense Scrutiny Over Ethical Concerns #SheinControversy #EthicalImplications #LabourPractices #TransparencyDemand #FundManagerHesitation #RegulatoryChallenges #InvestorConfidence #ProfitVsPrinciples #EthicalResponsibility #SupplyChainTransparency #SociallyConsciousInvesting #PathForwardShein

Activists pay close attention to IPO plans - our data on SHEIN demonstrates this really clearly. Yesterday I was reading about recent scrutiny of SHEIN's planned LSE listing and its false start on the NYSE last year (article in comments). While media coverage of the scrutiny largely focuses on lawmakers and officials, and the topic surely interacts with the US/China geopolitics of it all, I suspected activists had to be playing a role here. Low and behold, the SIGWATCH data clearly demonstrates a relationship. When both of SHEIN's IPO plans became public, activist attention moved to them. It's no surprise to me that the themes within activists' SHEIN-related actions then featured heavily in regulators' discussions - especially in the UK. NGOs and activist groups will ride the wave of public attention to ensure the issues they care about are noticed, and their messaging is often picked up by public decision makers. It would seem here that IPO related attention is no exception.

Shein’s silent IPO receives a loud response… In November of last year, Shein filed for an American initial public offering (IPO), anticipating a valuation of between $80-90 billion. The Singapore-based business, which is well-known for its inexpensive goods, does not have any sales in China. However, the US is concerned about its supply chain, citing, among other things, the fact that their cotton comes from China's Xinjiang region, which has a strong reputation for violating labour laws. Shein, however, asserts that violations of labour laws are subject to a zero-tolerance approach. Shein has now confidentially filed papers with the Financial Conduct Authority (FCA) in June to potentially list on the London Stock Exchange (LSE), given the numerous challenges it is facing in the US. They still maintain their application in the US and cannot proceed further with their IPO until China’s securities regulator approves the change of their listing venue.   For London, Shein's listing could change the city's prospects as a financial hub. Many companies have been shying away from a public listing or choosing a different venue entirely. As companies are discovering better financial alternatives through private financing, remaining private offers greater flexibility and less public scrutiny. Listed firms also incur significant compliance costs due to their continuous disclosure and reporting obligations. Furthermore, compared to alternative markets, the UK public markets are thought to be severely undervalued. With a possible valuation of $66 billion, Shein's offering in the UK will decrease the company’s value by at least $14 billion. Although undervaluing companies is still a significant obstacle, it seems to be Shein’s only option to avoid the political difficulties found in the US. Furthermore, Shein's listing would surpass all prior records for IPOs on the LSE, potentially reviving the market and bolstering the city's financial future. However, challenges followed, as UK-based human rights group Stop Uyghur Genocide, backed by Leigh Day, launched a legal campaign to block Shein's listing. Human rights organisations are dissatisfied with the listing and have written to the FCA, pleading with authorities to reject Shein's application to be listed on the LSE. In the end, the FCA lacks enforcement authority over purported violations of laws outside of its jurisdiction. Therefore, the supply chain issues in China's Xinjiang area remain unaddressed. If Shein decides to list on the LSE, the FCA will ultimately have a difficult decision to make, even though public opinion may persuade them to reach a different conclusion. Sources: https://lnkd.in/ghKwpW3p https://lnkd.in/gacbz-Re https://lnkd.in/giTG7d9v https://lnkd.in/gyxnfr3N #LondonStockExchange #InitialPublicOffering #CapitalMarkets

🌟 Breaking News 🌟 🔎 US Senator calls for UK investigation into Shein's labor practices! The Financial Times reports that there are concerns about the fashion giant's labor practices ahead of its IPO. This brings to light the importance of ethical business practices. Let's keep an eye on this developing story. #Shein #LaborPractices #EthicalBusiness https://ift.tt/nLUcxzy

🔒🗞️ **Human rights organization calls on UK financial regulator to block Shein's LSE IPO** 🚫✋ A human rights group has appealed to the UK's financial regulator to prevent the fashion retailer Shein from launching its initial public offering on the London Stock Exchange, citing the company's alleged labor practices and environmental impact. The move comes amid growing concerns over the ethical implications of investing in companies with controversial track records. The organization argues that Shein's fast fashion model may have detrimental effects on both workers and the environment, and urges the Financial Conduct Authority to carefully consider these aspects before granting approval for the IPO. As investors increasingly factor in ethical considerations when making investment decisions, the call to block Shein's IPO reflects a broader shift in the financial landscape towards more socially responsible investing. The unfolding situation raises crucial questions about the intersection of human rights, commerce, and investment, prompting a wider debate on the ethical responsibilities of companies and investors. #SheinIPO #FCA #HumanRights https://ift.tt/E1nXdv7

📢 Urgent call to action! The FCA is being called upon to block Shein's London listing due to serious forced-labor concerns. The Financial Times reported on this pressing issue, shedding light on the unethical practices that cannot be overlooked. #FCA #forcedlabour #ethicalbusiness Let's raise awareness and support this cause for a fair and just marketplace. Join the conversation and stand up against forced labor in our global supply chains. #ethicalbusiness #fairtrade #SheinListingPetition https://ift.tt/E1nXdv7