Shein IPO raises fresh questions on alleged forced labour in supply chain

News Snapshot:

As China-founded e-commerce behemoth Shein moves to list in New York, U.S. lawmakers are again calling on it to prove that forced labor is not used to make its $5 t-shirts and $10 sweaters. Shein confidentially filed for an initial public offering on Monday and could launch sales of its shares some time in 2024. The Singapore-based company has not determined the size of the deal or the valuation at IPO. Bloomberg earlier this month reported that it targeted up to $90 billion in the float. Founded in 2012, Shein has been eyeing a U.S. IPO for at least three...