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International Business Times UK

Business

Danielle Summer

Shein Applies For New York Listing Despite Forced Labour Allegations

Shein New York Jennifer Wexton IPO Channel 4 The i

New research reveals over three-quarters of businesses lack initiatives to re-engage older workers in the workforce. (Credit: HANNAH MCKAY/Reuters)

Shein, the Singapore-headquartered company, could be the fifth largest consumer company IPO (initial public offering) of all time if it manages to sell a 10 per cent stake.

The 10 per cent stake would raise around $9 billion, putting Shein just behind Porsche AG's $9.1 billion listing in 2021 – according to Bloomberg figures.

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