Shein Stock Quote: Everything You Need to Know About the Company's IPO

Shein, a Chinese fast-fashion e-commerce company, filed for an initial public offering (IPO) in the US in June 2022.

The company's IPO is expected to raise around $3 billion.

Shein has seen rapid growth since its founding in 2008, with sales increasing by 50% in 2020 alone.

Shein's valuation is estimated to be around $65 billion.

The company's IPO is expected to be one of the largest in the US this year.

Shein is set to file for a London stock market listing as soon as this week, according to a press report.

The proposed listing would be one of the largest deals for the London Stock Exchange in a decade and could value the fast fashion firm at around USD66 billion.

Shein has been in talks with both the US and UK over share listing plans, but has faced significant regulatory hurdles to secure a listing in New York.

The London Stock Exchange and UK ministers have pushed to get the business to float in London, with UK Chancellor Jeremy Hunt holding talks with Shein Executive Chair Donald Tang earlier this year.

Shein recorded sales of GBP1.1 billion in its UK operation in 2022, according to its most recent set of accounts.

The company was valued at $66B by investors when it raised its last round earlier this year, which was a $2B round.

Shein is facing an “uphill battle” to keep growing, according to The Information, which reports that the firm has a bold plan to rival Amazon by offering faster shipping and a more diverse selection of products.

Shein, the fast-fashion e-commerce company, has reportedly filed to go public in the US.

The company's valuation was $66B when it raised its last round earlier this year, which is one-third lower than the $100B valuation it landed in 2022.

Shein's founder Sky Xu resides in Singapore and will likely be a focus point during the IPO.

Shein is facing an "uphill battle" to keep growing, according to The Information, which has a track record of Shein scoops.

Pinduoduo, the parent of Temu, has seen its stock price nearly triple over the last two years to reach a $193B market cap.

Shein's goal is to rival Amazon by offering faster shipping and a more diverse selection of products, but so far that hasn't yielded much progress.

Shein, the online fashion retailer, is set to file for a London stock market listing as soon as this week, according to a press report.

The proposed listing would be one of the largest deals for the London Stock Exchange in a decade, with Shein valued at around USD66 billion.

Shein has been in talks with both the US and UK over share listing plans, but has faced significant regulatory hurdles to secure a listing in New York.

The company recorded sales of GBP1.1 billion in its UK operation in 2022, according to its most recent set of accounts.

Shein's stock market float could value the fast fashion firm at around USD66 billion.

Shein's founder, Sky Xu, resides in Singapore and will likely face scrutiny as the company prepares to go public.

The London Stock Exchange and UK ministers have pushed to get Shein to float in London, with UK Chancellor Jeremy Hunt holding talks with Shein Executive Chair Donald Tang earlier this year.

Shein's proposed listing comes amid a dearth of new firms on the UK's public markets.

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