China fast-fashion retailer 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.
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.
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