Chinese fast fashion giant Shein files for blockbuster US IPO
• Shein has filed confidential paperwork for a US IPO, likely the largest in years • Shein is a China-founded fast fashion e-commerce giant valued at over $60B • Shein has expanded globally but faces criticisms over working conditions and sustainability • JPMorgan, Morgan Stanley, and Goldman Sachs reportedly hired to underwrite the IPO • Shein aims for a $80-90B valuation, to become most valuable China-founded US IPO since Didi