A Shein IPO in London would be a powerful antidote to doom-mongering

Ben Laidler, Global Markets Strategist at investment platform eToro says:  “A Shein IPO in London would be a powerful antidote to the recent misplaced doom-mongering on the UK stock market.

“The market is already coming-in-from-the cold as the economy firms, interest rate cuts appear on the horizon, July’s election is set to give political clarity, and valuations are attractive.

A Shein IPO could be the icing on the cake of this recovery. At a rumoured £50 billion market capitalisation it would be the largest ever IPO in London. and significantly larger than the current biggest, miner Glencore £36 billion and Russia’s Sberbank £33 billion, both from 2011.

“This size could easily make it large enough for the benchmark FTSE 100 index, at around the 15th largest market capitalisation, sandwiched between Rolls Royce and BAE.”