Online-retailer Shein working with banks on potential US IPO – report

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China-founded online retailer Shein is working with investment banks about a potential US IPO and has been in talks with the New York Stock Exchange and Nasdaq, reported Reuters.

Goldman Sachs, Morgan Stanley, and JPMorgan Chase are among the banks helping Shein with the IPO preparation, per the report.

The timing of an IPO is uncertain and the fashion retailer may decide not to proceed in the near future, the report said.