Shein discloses FTC probe in Hong Kong IPO filing
Fast-fashion giant Shein revealed on Tuesday that its U.S. operations are under investigation by the Federal Trade Commission. The disclosure came in documents submitted to the Hong Kong Stock Exchange operator as part of its planned initial public offering. The probe adds regulatory uncertainty to the company's listing ambitions.
Key facts
- Shein disclosed an FTC investigation on Tuesday
- The probe targets Shein's U.S. business
- The disclosure was made in Hong Kong IPO filing documents
- The filing was with the Hong Kong Stock Exchange operator
- The investigation adds regulatory risk to the IPO
Entities
Institutions
- Shein
- Federal Trade Commission
- Hong Kong Stock Exchange
Locations
- United States
- Hong Kong
Sources
- Quartz —