China's fast-fashion retailer Shein files for US IPO - sources

Posted on AllSides November 27th, 2023
From The Center
REUTERS/David 'Dee' Delgado/File Photo

China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, and Shein could go public sometime in 2024, the sources said.

The fast-fashion giant's moves to go public comes at a time when the market for initial public offerings is struggling to rebound after a string of lacklustre stock market debuts in the U.S.

In recent months, there were four...

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