👗 Shein's slow IPO

For a fast fashion retailer, Shein's public listing has been slow to come around | Reddit entered talks with investors ahead of a potential IPO | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for November 29th in 3:09 minutes.   🤓 The adage "Fail to prepare, prepare to fail" is certainly true for your portfolio. So grab your free ticket for our [Modern Investor Summit]( to bag a spot at Stashaway's Uncover the Art of Risk Management session – and the eleven other events, each showcasing expert-level strategies and predictions. [Grab your free ticket]( Today's big stories - Fast-fashion online retailer Shein made another attempt to go public - Robeco unveiled a less-than-optimistic 2024 outlook – [Read Now]( - Social media platform Reddit got potential investors talking, and not because of a new meme stock Not-So-Fast Fashion [Not-So-Fast Fashion] What’s going on here? Shein filed a new request to [list]( on the public market, a bid to finally get its slow burn of a dream into production. What does this mean? Shein’s plans to bring algorithm-designed, faux-silk midi dresses to the public market were thwarted when war broke out in Ukraine. So instead of raising cash from everyday investors, the world’s biggest fashion retailer sidled up to private ones instead. But they turned out to be quite conservative: Shein’s last fundraising round won the company a $66 billion valuation, around a third lower than its first valuation of $100 billion from April 2022. That only whet Shein’s appetite, so the Chinese fast-fashion giant recently filed for an initial listing on the US stock exchange. Shein’s modus operandi of shilling low-cost items could be more enticing than ever now shoppers’ budgets are squeezed, so if it makes it to market this time, the fashionista may see that nine-figure valuation once more. Why should I care? Zooming out: A very bumpy catwalk. Shein may be trying to strut its stuff for the world, but the audience is watching through their fingers. US investors are well aware of the sweatshop accusations and private-jet levels of pollution that are woven into Shein’s reputation. Plus, the Chinese government isn’t sold on the idea of foreign investors owning its biggest firms, and certainly doesn’t want them exposed to strict US regulatory scrutiny. Big Chinese internet firms get around that with complex offshore structures, but Shein’s planning something simpler: by setting up a headquarters in Singapore, the company’s hoping to hide its ties with the Chinese government. For markets: Money talks. That said, Shein’s timing could hardly be better. Black Friday and Cyber Monday sales got shoppers spending, and even if that’s temporary excitement, investors may be tempted to eye up online retailers again. Throw in promises of big bucks for shareholders, and the stateside detractors might be easily convinced. You might also like: [The long-term investment case for emerging markets](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Not-So-Fast Fashion&utm_campaign=daily-global-29-11-2023&utm_source=email) Analyst Take Robeco Is Keeping It Real. (Real Bearish) [Robeco Is Keeping It Real. (Real Bearish)]( By Russell Burns, Analyst Dutch investment house Robeco opened its [2024 outlook]( with a piece of humble pie. It had predicted – wrongly, as had so many others – that both the US and the eurozone would [tumble gracelessly into a recession]( in 2023. But, of course, [that didn’t happen](. And though it admits it was [a bit too pessimistic]( this time last year, it’s not exactly wrapping its latest global forecasts in rainbows and sunshine. That’s today’s Insight: [why Robeco’s sticking with its gloomy outlook](. [Read or listen to the Insight here]( SPONSORED BY IG IG’s top ETFs for 2024 Exchange-traded funds (ETFs) are a popular pick, especially with beginner investors. No wonder: ETFs kit an investor out with [a “basket” of assets based on specific sectors or strategies](, saving the hassle and the risk of picking out single stocks and bonds. And with inflation high, recessions possible, and geopolitical relations tense, the [diversification of ETFs]( looks more tempting than ever. Now, there’s a ton to choose from, which sort of dampens down the “no more stock-picking” thing. But [IG](’s done the hard work for you, condensing the [best UK ETFs to watch early next year](. You can [discover the stocks on IG’s list here](, and if you fancy doing some double-checking, IG has an ETF screener you can use, too. DisclaimerYour capital is at risk. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. Talking Threads [Talking Threads] What’s going on here? Reddit entered talks with investors ahead of a potential initial public [offering]( (IPO), presumably in boardrooms instead of elusive subreddits. What does this mean? Reddit might have a reputation for hosting under-the-mainstream-radar conversations, but the social media company seems willing to be a lot more open. Literally: Reddit’s said to be working with Morgan Stanley and Goldman Sachs on a hotly anticipated public listing. Investors may well be chomping at the bit, as the tepid IPO market hasn’t given them much to sink their teeth into lately. And there’s more where Reddit came from: Kim Kardashian’s Skims underwear line is slated for a listing too, along with Microsoft-backed cloud firm Rubrik. Why should I care? For markets: We’ve seen better. Reddit, Skims, and Rubrik have the potential to create tens of billions of freshly minted shares, but the stuttering IPO market will need more than those three to get its mojo back. Most likely, it’ll take a wave of private AI firms going public to revive the heydays of 1999. The jury’s out on how quickly AI will wipe out humanity – or, uh, flood the public market – though, and there’s no guarantee that it’ll be anytime next year. Zooming out: The world runs on gossip. Business used to be risky: firms wouldn’t know how their IPO would go down until it happened, when investors would either back the newly public offering or ignore it completely. And sure, the company in question could blame the investment bank that masterminded the listing, but the Goldmans and Morgans of the world would’ve already pocketed their fee by that point. In this digital age, though, any company flirting with a public listing can send whispers through the media, gauge the public reaction, and ditch the whole idea if the reception’s less than lukewarm. You might also like: [WeWork, Uber, and the risk of the buzzy startup](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Talking Threads&utm_campaign=daily-global-29-11-2023&utm_source=email) SPONSORED BY AMERICAN ASSOCIATION OF INDIVIDUAL INVESTORS (AAII) Invest like Warren Buffett – or a champion statistician [Stock screeners]( are a tidy tool for narrowing down your investment options. 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The opinions and analyses included herein are based on sources believed to be reliable and written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness, timeliness, or correctness. Continue reading disclaimer [here](. When you support our sponsors, you support us. Thanks for that. 💬 Quote of the day "The great advantage about telling the truth is that nobody ever believes it." – Dorothy L. Sayers (an English novelist and playwright) [Tweet this]( SPONSORED BY BIOSTEM The invention that could redefine care for millions of patients [Biostem (OTC:BSEM)]( is on a mission to redefine wound care and, ultimately, improve millions of lives. Think of surgical patients undergoing major procedures, and the many diabetic patients who suffer from nasty wounds. In fact, the [market for diabetic foot ulcers alone]( was worth over $4 billion in 2021. 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