China fast-fashion retailer Shein files for U.S. IPO: report
Shein, a large online fast-fashion retailer based in China, has filed for an initial public offering, Reuters reported on Thursday, citing people familiar with the matter. Reuters said the submission was confidential, and that the company, worth more than $60 billion, could begin trading before the end of the year, potentially marking the most valuable company in China to debut on a U.S. exchange since ride-hailing Didi Global (DIDIY), which was later delisted. The company reportedly made the filing as U.S. lawmakers call on regulators to ensure the company doesn't used forced labor -- allegations Shein has denied. The IPO market has been heating up in recent days, with six deals that were set for this week.
-Bill Peters
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06-29-23 1301ET
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