Chinese Fashion Giant Shein Reportedly Files for U.S. IPO
Chinese fast-fashion giant Shein has reportedly confidentially filed for an initial public offering (IPO) in the United States, with expectations of going public as early as 2024, according to various media reports. A spokesperson for Shein has refrained from providing comments on the matter.
Earlier this year, Shein achieved a staggering $66 billion valuation after successfully concluding a $2 billion funding round in May, as reported by the Wall Street Journal. Despite its typical reluctance to disclose financial figures, the company managed to generate approximately $1.38 billion in the United Kingdom from September 2021 to December 2022, thereby strengthening its market share in the region.
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