FLORIDA – A US Senator has asked the financial regulator to block an initial public offering (IPO) of SHEIN until it can disclose more information about its business practices. Marco Rubio, US Senator for Florida, has written to the country’s Securities and Exchange Commission (SEC). In his letter, he calls for enhanced disclosures from SHEIN as a condition of approving its IPO, and to block the IPO – if necessary – to “protect US investors.”
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