Chinese fashion retailer Shein plans New York IPO this year: report

Chinese fashion retailer Shein plans New York IPO this year: report

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Shein, a global B2C fast fashion e-commerce platform, is planning a New York IPO this year, Reuters reported Tuesday. Xu Yangtian, the founder of the Shenzhen-based company, is considering applying for Singaporean citizenship in order to get around the recently tightened rules for Chinese-owned companies looking to list overseas. With a reported valuation of $50 billion, the company’s proposed listing could be the first major IPO by a Chinese company in the US since China introduced stricter restrictions on such moves in July last year. [Reuters]


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