Experts say Shein’s U.S. IPO is all but dead

Experts say Shein’s U.S. IPO is all but dead

The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop. 

Monika Skolimowska | Picture Alliance | Getty Images

China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and the U.S. roil business and trade.

The company, last valued at $66 billion, confidentially filed to go public in the U.S. in November. Since then, it has faced resistance as it tries to join the American retail sphere, including through numerous rejected attempts to become a member of the National Retail Federation, the industry’s largest trade association, CNBC previously reported.

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