Shein and Raspberry Pi: Two Tech Companies Preparing for London IPOs Amidst Regulatory Hurdles

Both companies controlled by foundations, profits reinvested into organizations
Raspberry Pi had revenues of £187m and profit of £20m in 2022
Shein and Raspberry Pi are preparing for London IPOs
Shein valued at $66bn, faced regulatory hurdles in US
Shein and Raspberry Pi: Two Tech Companies Preparing for London IPOs Amidst Regulatory Hurdles

Two major tech companies, Shein and Raspberry Pi, are making headlines this week as they prepare for Initial Public Offerings (IPOs) in London. Shein, the Chinese-founded fast fashion retailer, is stepping up preparations for a London IPO after facing regulatory hurdles in the US. The company plans to update China's securities regulator and file with the London Stock Exchange as soon as this month. Shein was valued at $66bn in a fundraising last year and has faced criticism from US lawmakers over alleged labour malpractices and lawsuits from competitors. Raspberry Pi LTD, the trading arm of the Raspberry Pi Foundation, is also planning to float on the London Stock Exchange. The IPO could be just a week away, with Peel Hunt and Jefferies helping prepare for the listing. Raspberry Pi had revenues of £187m and profit of £20m in their last reported results filing for 2022. The company is seeking a valuation of up to £5bn in its upcoming IPO.

Shein's attempt to list publicly in New York has been met with resistance from US lawmakers, including Senator Marco Rubio, who asked the SEC to block the listing unless the online retailer makes additional disclosures about its business operations and 'the serious risks of doing business' in China. Shein confidentially filed for an IPO with the US Securities and Exchange Commission (SEC) in November 2023 but has yet to advance through the application process.

Raspberry Pi, on the other hand, has faced fewer obstacles in its quest to go public. The company raised funds last year at a valuation of £4.47bn and had planned an IPO in 2021 but dropped it due to unfavorable market conditions.

Both companies are controlled by their respective foundations, with profits going back into the organizations to further their missions. Shein is known for its aggressive growth strategy and has pulled in revenue well above $30bn a year, challenging the market share of US-based rivals like Gap Inc., TJX Companies, Macy's, Target, Walmart and Amazon. Raspberry Pi is a leading manufacturer of single-board computers used for various projects by hobbyists and professionals alike.

The London Stock Exchange has become an increasingly popular destination for tech companies looking to go public due to its favorable regulatory environment and access to European markets.


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Confidence

91%

Doubts
  • Are there any recent updates on Shein's IPO application process with the SEC?
  • What specific regulatory hurdles is Shein facing in the US?

Sources

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Shein's U.S. charm offensive and IPO could hinge on NRF membership. So far, it's been rejected

CNBC News Gabrielle Fonrouge Monday, 13 May 2024 10:00
  • Unique Points
    • Shein has been rejected multiple times in becoming a member of the National Retail Federation (NRF)
    • Shein pulls in revenue well above $30 billion a year and has challenged market share of US-based rivals like Gap Inc., TJX Companies, Macy’s, Target, Walmart and Amazon
    • Shein has been targeted by lawmakers due to concerns over its ties to China, supply chain and use of a trade law loophole
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains an appeal to authority and a potential dichotomous depiction. The author mentions Shein's attempts to join the National Retail Federation (NRF) as evidence of its efforts to be accepted by the U.S. retail industry, which could imply that NRF membership is a necessary or universally respected step for companies in the industry - an appeal to authority. Additionally, there is a potential dichotomous depiction in the description of Shein's geopolitical situation and challenges faced due to scrutiny from lawmakers who are concerned about data sharing with the Chinese government and forced labor. The article does not present any alternatives or nuances in this conflict.
    • . . . It has been working to convince lawmakers that it can be trusted as a public company listed on American exchanges despite concerns over its ties to China, its supply chain and its use of a trade law loophole.
    • Shein is also caught in the middle of a complex geopolitical rivalry between the U.S. and Beijing and has been targeted by lawmakers who are concerned the company shares data on American consumers with the Chinese government and produces goods made with forced labor.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Shein ‘steps up plan for London IPO’ amid US listing hurdles

theguardian.com Article URL: https://www.theguardian.com/world/2024/feb/13/ pakistan-·coalition-·agrees-to-form-government Friday, 10 May 2024 16:45
  • Unique Points
    • Shein is stepping up preparations for a London IPO after facing regulatory hurdles and pushback in the US.
    • Shein plans to update China’s securities regulator and file with the London Stock Exchange as soon as this month.
    • Shein started engaging with London-based financial and legal advisers early this year to explore a listing.
    • London-based fund managers have been approached for introductory meetings before the planned float.
    • Shein was valued at $66bn in a fundraising last year.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

$630 million Raspberry Pi IPO float could be just a week away - Report

Tom's Hardware News Site Covering Technology with a Focus on Hardware and Computing Les Pounder Monday, 13 May 2024 11:20
  • Unique Points
    • Raspberry Pi LTD is planning to float on the London Stock Exchange (LSE).
    • The Raspberry Pi IPO float could be just a week away.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Raspberry Pi to float this month

ElectronicsWeekly.com David Manners Monday, 13 May 2024 05:25
  • Unique Points
    • Raspberry Pi had revenues of £187 million and profit of £20 million in their last reported results filing for 2022.
    • The company is seeking a valuation of up to £500 million in its upcoming IPO.
    • Raspberry Pi raised funds last year at a valuation of £447 million.
    • A planned IPO in 2021 was dropped due to unfavorable market conditions.
    • Raspberry Pi is controlled by the Raspberry Pi Foundation, a charity, which owns Raspberry Pi Ltd that makes and sells the products, with profits going to the Foundation.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication