Chinese Fast-Fashion Giant Shein Eyeing $90 Billion Valuation for US IPO Amid Market Speculations

Shein looks to significantly surpass current private valuation of $50-$60 billion amid IPO speculations, potentially becoming the most valuable Chinese company to go public since Didi Global in 2021, despite facing copyright infringement lawsuits, environmental criticism, and concerns over sourcing labor from Uyghur camps in China.

• Shein, a Chinese fast-fashion giant, is speculated to be eyeing a valuation of up to $90 billion for a U.S IPO, potentially becoming the most valuable Chinese company to go public since Didi Global in 2021.
• In a funding round last year, Shein fetched a valuation of $100 billion, becoming the third-most-valuable startup in 2022. As of recent trades, it's private valuation stands between $50 billion to $60 billion.
• The company has faced criticism for its environmental record, and possible links to forced Uyghur labor. U.S. lawmakers have called for all companies, including Shein, to comply with laws that prevent the import of products made with Uyghur labor.
• In an effort to expand its market reach, Shein recently acquired the British fashion brand Missguided and is testing the brick-and-mortar market with a collaboration with Forever 21.
• Despite allegations of copyright theft and the use of forced labor, Shein's sales soared during the pandemic, especially in the U.S, making it the largest player in the U.S. fast-fashion market as of November 2022.

5 Articles

The Information The Messenger TechCrunch South China Morning Post Reuters