Shein May Not Qualify For FTSE 100 Inclusion, Times Reports
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Shein may not qualify for inclusion on the FTSE 100 Index even as the online retailer gears up for an initial public offering that could be one of the largest ever in the UK, The Times reported.
The number of shares being sold by Shein will not meet the minimum requirement for inclusion on FTSE indexes, the newspaper said, citing people familiar with the matter. Companies incorporated outside the UK must have a minimum free float of 25% under stock exchange rules.