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China-founded Shein wants to comply with new listing rules for local firms.
Shein, a China-founded fashion company, is seeking Beijing's approval to go public in the U.S. in order to comply with new listing rules for local firms.
This decision may delay the company's initial public offering (IPO) plans, as it faces tougher-than-expected scrutiny from U.S. regulators in an election year and a lengthy approval process with numerous Chinese regulators.
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Shein, fundada en China, quiere cumplir con las nuevas reglas de cotización para las empresas locales.