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Russia-Ukraine Conflict Tanks Shein IPO

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Shein scrapped plans to file an IPO in the wake of Russia’s attack on Ukraine and ensuing chaos in the financial markets. The 14-year-old Chinese fast-fashion giant was looking to publicly list later this year in New York. Last year, TikTok’s most-buzzed-about brand was an early frontrunner in the bidding for bankrupt Arcadia’s Topshop and…

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