Chinese-Founded Fashion Giant Shein Applies To Launch In US: Report

Founded in 2008 in China and based in Singapore, Shein has quickly conquered the global fast fashion market by selling its products exclusively online.

Chinese-founded fast fashion giant Shein has confidentially applied to go public in the United States, the Wall Street Journal reported Monday, calling the move potentially one of the biggest IPOs in years.

The offering could come next year, the newspaper said, citing people familiar with the matter and adding that Chinese media had also reported on the filing.

Banks Goldman Sachs, JPMorgan Chase and Morgan Stanley have been tasked with underwriting the offering, according to the business daily.