EU’s GRANOLAS, SheOut, and Full Stream Ahead

Shein moving IPO to London

- Shein is a fast-fashion giant that was founded in China but is now based in Singapore

- It is considering switching its IPO from New York to London due to regulatory hurdles and scrutiny over its supply chain and ties to China

- It is seeking a valuation of $80 billion to $90 billion and could be one of London's biggest ever listings

- It has a loyal customer base, especially among Gen Z, and has outperformed its rivals during the pandemic with its low prices and fast delivery

EU's GRANOLAS

- Granolas is an acronym coined by Goldman Sachs for 11 European stocks that are internationally exposed, quality growth compounders with strong balance sheets and dividends

- They are: GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP and Sanofi

- They account for almost a quarter of the Stoxx 600 market cap and have dominated the European market performance in the past year

- They have also outperformed the US Magnificent Seven tech giants over the past two years on a risk-adjusted basis

- They are diversified across healthcare, consumer staples and tech sectors and have solid earnings growth prospects

The Streaming Market

- The streaming market consists of video-on-demand (VOD) and music streaming services that deliver content over the internet

- The global streaming market size was valued at $455.45 billion in 2020 and is projected to grow at a CAGR of 19.3% from 2021 to 2030

- The US is the largest streaming market in the world, accounting for nearly 58 billion U.S. dollars of VOD revenue and more than 14.2 billion U.S. dollars of music streaming revenue in 2020

- The streaming market is highly competitive and fragmented, with many players vying for subscribers and content

- Some of the leading streaming platforms are Netflix, Disney+, Amazon Prime Video, Hulu, Spotify, Apple Music, YouTube Music and Pandora

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