Shein confidentially files for U.S. IPO

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© Reuters. Shein confidentially files for U.S. IPO – WSJ

Shein, a leading online fashion retailer originating from China, confidentially filed for an IPO in the United States, according to The Wall Street Journal report today, citing people familiar with the matter.

The company, known for its affordable and trendy fashion items, has rapidly gained a global customer base. The IPO, which might occur in 2024, is anticipated to be one of the largest in recent years.

Shein, currently based in Singapore, was valued at approximately $66 billion during a fundraising round in May. The company is expected to seek an even higher valuation in its IPO.

This move towards a public listing was earlier reported by Chinese media.

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