Fast fashion giant Shein secretly files for IPO in the US, with a valuation estimated to reach $66 billion.
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Zhitong App has learned from an insider that Shein, a fast-fashion retail giant, has secretly submitted its initial public offering (IPO) application to US regulatory agencies. It is expected to go public next year, making it one of the largest IPOs in years. The insider revealed that Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been hired as the lead underwriters for this offering. Shein has gained popularity by offering fashionable clothing at extremely low prices.
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