Fast Fashion Giant Shein Rules Out IPO Plan following Report…

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BEIJING, April 6 (TMTPOST)— China-based online fast fashion giant Shein ruled out plan of initial public offering (IPO) again as rumors about its funding and listing swirl.Source: Visual ChinaShein has discussed with potential investors about a new fundraising of US$10 billion, which may bring its valuation to about US$100 billion, Bloomberg cited people with knowledge of the matter last Sunday. The retailer wa