Shein Confirms Plans To Pursue IPO

Despite all odds, Shein is not backing down. This past week, executive chairman Donald Tang, former vice chairman of Bear Stearns, flew to London to discuss securing investors to back its proposed IPO. Rumors originally circulated that the company aimed to list in either the United States or Canada, but it was immediately met with political backlash and regulatory difficulties. Tang's London trip marks the official step to move forward with listing in the U.K. instead. Tang, in a statement to th...