Jun 29, 2023 - Economy

Shein denies report that it's filed for an IPO

Fast-fashion giant Shein is denying a Reuters report that it has filed confidentially for a U.S. IPO.

Why it matters: This would be one of the year's largest IPOs, but also one of the more controversial given allegations over some of Shein's labor practices.

  • In a statement to Axios, a company spokesperson said: "Shein denies these rumors."
  • Singapore-based Shein most recently was valued at $66 billion in the private markets.

Go deeper: The timing of e-commerce brand Shein's IPO still uncertain

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