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11 Nov 2023

$90B

Valuation Target of Shein for its US Initial Public Offering

Fast-fashion Chinese retailer Shein, despite facing competition from other Chinese retailers, has told potential investors it targets a $90 billion valuation for its eventual US initial public offering. This valuation exceeds its $66 billion valuation from a funding round earlier this year, following skyrocketing e-commerce sales amid the pandemic. [Source](https://www.bloomberg.com/news/articles/2023-11-07/shein-targets-up-to-90-billion-valuation-in-us-ipo-sources-say?sref=KkPzpZvz&embedded-checkout=true#xj4y7vzkg)