that it denied “rumors” around the Reuters story, which reported the company had filed for an IPO with the Securities and Exchange Commission.over allegations of using forced labor, could have been the most valuable Chinese company to go public in the U.S., according to Reuters.
Shein was valued at $66 billion following a $2 billion funding round from this year—a valuation down more than 25% from a year earlier, according to theShein is known for its fast fashion platform that offers low prices on a wide variety of men’s and women's clothing, making it a popular brand in the U.S. According to a Money.co.uklast year, Shein managed to overtake companies such as Zara, Nike and Adidas in the world’s most-Googled clothing brands.
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