The Chinese fast-fashion retailer has not yet decided how much it is looking to raise, sources told Reuters, but its debut could help break a quiet period for public markets. (Reuters)
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The Chinese fast-fashion retailer has not yet decided how much it is looking to raise, sources told Reuters, but its debut could help break a quiet period for public markets. (Reuters)
Talking point: Shein last raised US$2 billion in a May down round that valued the company at US$66 billion, a US$34-billion drop from its April 2022 valuation. The firm previously had been eyeing an IPO in the second half of this year after shelving an anticipated 2022 debut amid an uncertain economy. Shein and the banks reportedly underwriting the offering declined to comment to Reuters. But news of the company’s plans comes amid continued market headwinds, as three highly anticipated tech listings last quarter failed to spark a revival. Shein, which has been expanding its Canadian presence, is being probed in the U.S. over forced-labour accusations and has exchanged lawsuits with competitor Temu, among other challenges.
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