Chinese fashion retailer Shein shelves US IPO plans again citing market volatility

Chinese fashion retailer Shein shelves US IPO plans again citing market volatility

Chinese fashion retailer Shein‘s plan to list in the United States has been put on hold due to volatile capital markets amid heightened geopolitical tensions, said two sources with direct knowledge of the matter.

Reuters reported last month that Shein had revived plans to list in New York this year and its founder was considering a citizenship change to bypass proposed tougher rules for offshore initial public offerings (IPOs) in China.

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