Shein files confidentially for U.S. IPO, Reuters reports

China’s Shein, an online fashion retailer, has filed for an IPO in New York, Reuters’ Kane Wu and Julie Zhu report. According to people familiar with the matter, the stock market debut could come before the end of 2023. Shein is under scrutiny from U.S. lawmakers over its labor practices, the report notes, adding that the IPO could make it the most valuable Chinese company to go public in the U.S. since Didi Global’s (DIDIY) 2021 IPO. Other publicly traded companies in the space include Alibaba (BABA), JD.com (JD), and PPD (PPD).