Investing.com -- Shein disclosed that its U.S. business is under investigation by the Federal Trade Commission in documents filed for its upcoming Hong Kong initial public offering, as first reported by CNBC on Tuesday. The fast fashion company did not specify the focus of the FTC investigation in the filing submitted to the entity that operates the Hong Kong Stock Exchange. The company's Hong Kong listing received recent approval, though no trading start date has been announced. Shein seeks a valuation between $40 billion and $50 billion for the IPO, down from $64 billion in 2024. Related articlesShein reveals ongoing FTC probe in Hong Kong IPO filingThese 2 stocks are best positioned to benefit from higher uranium prices: analystJPMorgan outlines ten strategic themes that could shape the outlook for 2026