Salamendacious@lemmy.world to

News@lemmy.world · 7 months ago

Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach

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Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach

Salamendacious@lemmy.world to

News@lemmy.world · 7 months ago

2

Shein has confidentially filed to go public and could start trading on the public markets as soon as next year, people familiar with the matter said.

Shein has confidentially filed to go public and is moving forward with its long-rumored IPO.
The retailer was last valued at $66 billion.
Shein has tapped Goldman Sachs, JPMorgan and Morgan Stanley to be the lead underwriters on the offering.

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garretble@lemmy.world
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7 months ago
Sounds great. I don’t want clothes that last more that 2 washes, personally. So great for the environment.
- Snot Flickerman@lemmy.blahaj.zone
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  7 months ago
  Yeah, who needs to know how to sew to make clothes last longer?
  
  Shein employees certainly don’t know how!

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