Markets

Shein files with US regulators for an IPO that could value Chinese fast-fashion giant at $90bn

The online retailer has become hugely popular in thanks to its trendy clothing at ultra-low prices

  • November 28, 2023
Models attend the Shein X 100K Challenge 2021 in Sun Valley, California. Photo: Stefanie Keenan/Getty Images

Shein, the Chinese-founded fast-fashion giant, has filed confidential documents with US regulators for an initial public offering (IPO) that could take place next year, according to a person familiar with the matter.

The online retailer, which was founded in China but is now headquartered in Singapore, is working with Goldman Sachs, JPMorgan Chase, and Morgan Stanley on the public listing, according to sources.

Representatives for Shein, JP Morgan and Morgan Stanley all declined to comment. ...