China’s Fast Fashion Retailer Shein Files for US IPO: Sources

China’s Fast Fashion Retailer Shein Files for US IPO: Sources

China’s popular fast fashion retailer Shein has filed for an initial public offering (IPO) in the United States, with plans to go public in 2024, according to unnamed sources. The company has reportedly hired Goldman Sachs, JPMorgan Chase, and Morgan Stanley as its lead underwriters for the IPO. Shein, known for its trendy and affordable clothing options, has gained considerable popularity globally, particularly among young shoppers. The move to go public is seen as a significant step for the Chinese fashion retailer, which has seen immense growth in recent years. Shein’s IPO is expected to generate significant investor interest, given its strong performance and global reach.

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