China's Shein Has Filed Confidentially For U.S. IPO
Portfolio Pulse from Happy Mohamed
Chinese online fashion retailer, Shein, has confidentially filed for an initial public offering (IPO) in the United States, according to Reuters.
June 29, 2023 | 4:01 pm
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POSITIVE IMPACT
Shein's IPO in the U.S. could potentially impact the iShares China Large-Cap ETF (FXI) due to its exposure to large Chinese companies.
FXI tracks the FTSE China 50 Index, which is a basket of large-cap Chinese companies. If Shein's IPO is successful, it could potentially be included in this index, thereby impacting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Shein's IPO in the U.S. could potentially impact the SPDR S&P 500 ETF (SPY) due to its exposure to the U.S. market.
SPY tracks the S&P 500 Index, which is a basket of large-cap U.S. companies. If Shein's IPO is successful and it becomes a large-cap company, it could potentially be included in this index, thereby impacting the ETF's performance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50