bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

helpersCheckIsPostiesArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

moreOnThisArticles

urlAlias

commentCount

sponsorType

authorLocations

authors

paywallTypes

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

socialHeadline

headline

flag

firstTopic

glossary

flattenTypeIds

publishedDate

additionalInfoBoxes

images

image

relatedLinks

relatedNewsletters

__typename

createdDate

sponsor

factSheets

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

copyrighted

customTimezone

liveContents

Reuters

China-founded online fashion retailer Shein has confidentially filed to go public in the United States, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The fast-fashion giant has been working with at least three investment banks about a potential initial public offering (IPO) and was in talks with the New York Stock Exchange and the Nasdaq, Reuters had reported in July.
Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024. according to a report by The Wall Street Journal.
Shein did not immediately respond to a Reuters request for comment.
China-founded Shein targets US$90 billion valuation in US IPO: sources
The company was valued at more than US$60 billion in May and is expected to become the most valuable China-founded company to go public in the US since ride-hailing giant Didi Global’s debut in 2021 at a US$68-billion valuation.
Fast fashion has been gaining popularity in the US. Shein has partnered with SPARC Group, a joint venture between Forever 21 owner Authentic Brands and mall operator Simon Property, to expand its reach in the world's largest economy.


Pearl in Beijing’s retail crown struggles to regain shine against China’s economic tide

Alibaba bets on retailing chief Jiang Fan to bolster e-commerce momentum

Amazon invites Chinese sellers to new bargain marketplace Haul

China’s tech giants PDD Holdings, Xiaomi, Alibaba, Tencent defy economic woes: 6 latest earning reports

E-commerce

China-founded e-commerce fashion start-up Shein files for US IPO

Shein's holiday pop-up shop seen inside retailer Forever 21's Times Squares store in New York on November 10. Photo: Reuters

China-founded e-commerce start-up Shein said to aim for US$90 billion valuation in US IPO

Customers hold Shein bags in Tokyo, Japan. Photo: Bloomberg

The Shein headquarters in Singapore. Photo: Bloomberg

Outside a Shein pop-up store in Paris, France. Photo: Reuters

Temu files lawsuits against ‘cybersquatters’ in US e-commerce market as it seeks to end legal fights with rival Shein

Temu sues fake sites in US to end legal fights with rival Shein. Photo: Shutterstock

China-tied e-commerce rivals Shein and Temu call a truce in US court battle

Temu and Shein are calling a truce in their legal battle in the US, according to court documents. Photo: AP Photo

How Shein and Temu are changing the face of China’s export machine, making life easier for an army of small businesses

Shein and Temu are changing the face of China’s export machine. Photo: Shutterstock 

Shein and Temu are changing the face of China’s export machine. Photo: AP

Clothes displayed at the Shein headquarters in Singapore, 2023. Photo: Bloomberg

Tech

Tech Trends

News

World

United States & Canada

Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, the WSJ reported
Shein is expected to become the most valuable China-founded company to go public in the US since Didi Global’s 2021 debut at a US$68-billion valuation


Valued at more than US$60 billion, Shein is expected to become the most valuable China-founded company to go public in the US since Didi Global’s debut in 2021 at a US$68-billion valuation.
