
Retailer Shein files to go public, eyes global reach
People shop at a Shein pop-up shop inside Times Squares' Forever 21 in New York City, US, Nov 10, 2023. [Photo/Agencies]
The fast-fashion retailer Shein has filed for an initial public offering in the United States, according to news reports.
Shein, founded in Nanjing in China's Jiangsu province as ZZKKO by the entrepreneur Chris Xu, who is also known as Yu Yangtian or Sky Xu, grew to become the world's largest fashion retailer last year. The company's headquarters is now in Singapore.
Shein's apparel is popular with teenagers and young adults, many of its offerings being priced at less than $10. Online influencers post videos on TikTok and Instagram featuring their "Shein hauls", Inc.com reported.
Shein's IPO filing was first reported by the Shanghai Securities Journal...