Shein IPO date is to be announced. The company does not have a ticker symbol or stock code.
Shein is an online clothing retailer headquartered in Singapore, Singapore. Found in 2008 by Chris Xu, Shein offers an extensive range of affordable and on-trend clothing for men, women and children. The company has also expanded its product line to include accessories, shoes, beauty products, electronics, sports and outdoor equipment, appliances, pet supplies, automotive accessories, office and school supplies and toys and games.
Shein uses on-demand manufacturing technology to connect suppliers to its supply chain and operates in over 150 countries worldwide.
March 3, 2025: Amazon is setting its sights on expanding its discount storefront, Haul, in Europe later this year. The move comes as a strategic response to the growing influence of ultra-cheap Chinese e-commerce platforms like Temu and Shein, according to MSN.
February 23, 2025: Shein’s profits dropped by more than a third last year, adding to the fast fashion group’s challenges ahead of a long-planned flotation that would be one of the biggest on the London stock exchange this decade, according to Financial Times.
February 17, 2025: Shein is reportedly being pressured by investors to cut its valuation to $30 billion ahead of its planned initial public offering (IPO). The valuation would be down from $100 billion in 2022, $66 billion in 2023 and $45 billion in January 2024, according to PYMNTS.com.
Shein has confidentially filed to go public in the US, according to Reuters. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the IPO that’s reportedly slated to take place in 2024.
The deal’s size or IPO valuation has not yet been determined.
As a private company, Shein’s financials are not public.
In February 2023, the Financial Times reported that a Shein “management presentation” shown to investors and seen by the Financial Times showed that Shein was targeting annual revenue of $58.5 billion in 2025, up from $22.7 billion in 2022. Shein also reportedly projected that its gross merchandise value will grow 175% from 2022 to $80.6 billion in 2025. According to the presentation, as reported by the Financial Times, Shein achieved a profit for four consecutive years, reaching $700 million in 2022.
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