Asian Tech Press (Jan 25) -- Chinese fashion online retailer SHEIN is restarting plans for a U.S. IPO as early as this year, Reuters reported exclusively.

Shein has hired Bank Of America, Goldman Sachs and JPMorgan Chase to work on the IPO, the report said, citing sources familiar with the matter.

However, it's not clear how much Shein plans to raise from its listing in New York.

Shein had planned an IPO in the U.S. two years ago, when it was reported that the fashion retailer would go public in the fourth quarter of 2020 at the earliest, raising at least $700 million. But that plan has since been scrapped. In response, a Shein spokeswoman said at the time the company currently has no plans to go public.

Last May, Shein also said in a statement that it had no plans for an IPO in the near future.

Information on Shein's website shows that the company ships to 150 countries and regions from its many global warehouses. Previously, data showed that the Shein App has overtaken Amazon as the most downloaded shopping app on iOS and Android platforms in the U.S.