![]() ![]() ![]() You will be prevented from participating in the IPO process if you are considered a flipper. However, if you sell within the first 15 calendar days from the start of trading in the secondary market, it will affect your ability to participate in new issue equity public offerings through Fidelity for a defined period of time. ![]() The company's founder, Chris Xu, moved Shein's headquarters to Singapore from Nanjing, capital of China's eastern Jiangsu province, more than a year ago, a shift that helps Shein circumvent China's tough new rules on overseas listings.Welcome to buying into an IPO? How a regulatory rule (FINRA Rules 51 ) became a news story is beyond me.Īs with any investment, you are free to sell the securities obtained during an IPO whenever you determine it is appropriate for you. General Atlantic, Mubadala, Tiger Global and Sequoia Capital China were among its investors, Reuters reported at the time. Shein was valued at more than $60 billion in a $2 billion private fundraising round in March. ![]() lawmakers are also seeking to restrict the "de minimis" tariff exemption widely used by e-commerce retailers such as Shein to send orders from China to the United States. The United States bans exports from Xinjiang for this reason. Shein has said it adheres to ethical sourcing standards and has denied allegations that it ships from China's Xinjiang region, where materials such as cotton are often the product of forced labor by the Uyghurs, a mainly Muslim ethnic minority. representatives who have called for an independent audit to verify that the company does not use Uyghur forced labor, before it is allowed to list shares. Shein's IPO is opposed by a bipartisan group of two dozen U.S. ![]()
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