Fast-Fashion Retailer Shein Files for Confidential U.S. IPO Amid Scrutiny

Shein, a Chinese online clothing retailer, has reportedly submitted registration for an initial public offering in the U.S., which could make it the biggest Chinese company to list in America since Didi Global.
Shein has faced delays in going public due to geopolitical tensions and regulations, moving its headquarters to Singapore.
Shein raised $2 billion this year, valuing the company at $66 billion, down from a previous $100 billion valuation.
Shein is popular for fast, inexpensive fashion but has faced criticism over labor and environmental practices as well as a drop in demand for e-commerce.
Shein denies reports it has filed for an IPO but faces bipartisan opposition in the U.S. over alleged forced labor.