(Finance) – Shein has applied to China’s regulator to go public in the United States.
The Chinese giant, active in fast fashion, is therefore waiting to obtain the consent of the China Securities Regulatory Commission (CSRC), in order to comply with the new listing rules for local companies.
In essence, it subjected the application for admission to listing in the USA to Beijing’s new rules for the listing of Chinese offshore companies on the stock exchange. A decision that could postpone the timing of the public offering.The company’s valuation reached $66 billion in the latest investment round.
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