Shein Seeks Approval for U.S. IPO Despite China Ties

Shein Seeks Approval for U.S. IPO Despite China Ties Shein, the Singapore-based fashion giant valued at $66 billion, is navigating the complex terrain of seeking approval from Chinese regulators for its planned U.S. initial public offering (IPO). Despite efforts to distance itself from China, Shein filed with the China Securities Regulatory Commission (CSRC) in November, adhering to new listing rules for Chinese firms. Also Read This: Victoria’s Secret & Co. Boosts Online Shopping with Google Cloud Partnership Uniqlo owner: Fast Retailing Soars Q1 Profit Fueled by Robust Overseas Sales While Shein confidentially filed for a U.S. IPO in November 2022 and could launch the share sale in 2024, the decision to comply with Chinese regulations introduces complexities. The new rules st...