Home / News / Shein files confidentially for US IPO

Shein files confidentially for US IPO

Multiple media reports say Singapore-based fast-fashion platform Shein has secretly planned a US IPO.

The Wall Street Journal reported it Monday.

This year, Shein raised $2 billion at a $66 billion valuation, but it could go public at $90 billion. As previously reported, the online fashion upstart, which disrupted Zara and H&M, was valued at $100 billion in April 2022.

Shein, founded in China over a decade ago, pioneered data analytics to predict customer demand and produce small batches of clothing to reduce inventory costs, according to Rita Liao. While recognized for its light-asset e-commerce model, it faces copyright infringement lawsuits, environmentalist criticism, and competition from China’s PDD’s new online bazaar, Temu.

About Chambers

Check Also

The Air Force has abandoned its attempt to install a directed-energy weapon on a fighter jet, marking another failure for airborne lasers

The U.S. military’s most recent endeavor to create an airborne laser weapon, designed to safeguard …