CORRECTION: Shein is in talks with banks and exchanges about US IPO, sources say. We have withdrawn our story stating Shein filed a US IPO and will delete the tweets
The timing of an IPO is uncertain and the fashion retailer, which is under scrutiny from U.S. lawmakers over its labor practices, may decide not to proceed in the near future, one of the sources said.
debut in 2021 at a $68 billion valuation. Didi was delisted from the New York Stock Exchange a year later amid Beijing's crackdown on Chinese technology giants over antitrust and data security rules. Shein officials in Singapore, where the company is headquartered, declined to comment on any IPO plans or on discussions with the investment banks and exchanges. Goldman Sachs, Morgan Stanley, Nasdaq and NYSE declined to comment, while JPMorgan did not immediately respond to requests for comment.
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