KraneShares’ Brendan Ahern: Short-Term Caution on Shein, Long-Term Innovation

Bullish Gator

KraneShares CIO Brendan Ahern is cautious on Shein short-term but sees medium-to-long-term innovation; he doubts a near-term U.S. secondary listing.

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What stands out

Brendan Ahern of KraneShares said he is cautious on Shein in the near term and does not expect a U.S. secondary listing anytime soon, even while calling the company very innovative over the medium to long term. That matters because a Shein listing would have been a headline driver of listings volume, trading activity and fee income for exchanges including Nasdaq, Inc., so Ahern’s comment signals a potential pause in near-term headline-driven revenue opportunities.