Shein is considering plans to list on the New York Stock Exchange (NYSE), according to sources reported by Reuters.
The sources did not say how the much the Chinese online retailer was looking to raise.
Shein’s founder, entrepreneur Chris Xu, is considering applying for Singaporean citizenship to bypass restrictions on Chinese companies listing in foreign markets according to the news organisation’s sources.
The online retailer was founded in 2008 in Nanjing, China and made an estimated $10 billion in 2020 according to an estimate by Coresight Research.
However, a Shein spokesperson told Reuters it had no plans to go public.
The news comes after Chinese regulators proposed stricter rules for Chinese firms listing offshore in December 2021.
JD Logistics - an offshoot of one of China’s largest e-commerce companies JD.com – raised around $3.4 billion in a Hong Kong listing that saw it float 10 per cent of its shares.
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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