Two people hold two Shein bags after entering SHEIN's first physical store in Madrid, Spain, June 2, 2022.
Chinese fast fashion giant Shein on Friday denied a Reuters report that said it has confidentially filed for an initial public offering in the U.S."Shein denies these rumors," a Shein spokesperson told CNBC.
Shein was recently valued at $64 billion, according to Reuters.
Shein told CNBC last week its policy is to "comply with the customs and import laws of the countries in which we operate" and that it will continue to "make import compliance a priority."
Reuters noted the listing could make Shein the most valuable Chinese company to go public in the U.S. since Didi Global.
Persons:
Shein, Chris Xu, Didi
Organizations:
Reuters, CNBC, . House, New
Locations:
Madrid, Spain, U.S, New York