Shein submits IPO application in US

Shein, a cross-border fast-fashion e-commerce company, has secretly filed to list in the US or will launch an initial public offering (IPO) in 2024. The Wall Street Journal said Shein’s U.S. listing could become one of the largest IPOs in recent years. Shein was founded in Nanjing, China in 2012 and moved its headquarters to Singapore in 2021. It sells clothing products at ultra-low prices to online shoppers in more than 150 countries, with the United States being its largest market. In a funding round in May, the company was valued at about $66 billion. Shein ranked third with $66 billion in a list of global unicorn valuations published by CB Insights, a market research firm, according to Singapore’s Lianhe Zaobao.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top