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Shein discloses FTC investigation ahead of Hong Kong IPO

The company said the FTC is investigating its U.S. business, though it did not specify the scope of the probe.

Reported · Written up by our desk · IPOs

Shein has disclosed that the U.S. Federal Trade Commission is investigating its U.S. business as the company prepares for a Hong Kong initial public offering, CNBC Markets reports.

In its disclosure, Shein said the FTC investigation exists but did not make clear what the probe is focused on, according to CNBC World.

The company also indicated that the nature of the investigation was still unclear, leaving the potential impact on its U.S. operations and the IPO path uncertain.

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