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Shein targets a $90 billion assessment with its submission for US IPO

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Shein targets a $90 billion assessment with its submission for US IPO

Reportedly, Shein is preparing to become a publicly traded company on the US stock market.

As per the Financial Times, the Chinese rapid fashion powerhouse has submitted confidential documentation to the US securities regulator, with the assistance of JP Morgan, Morgan Stanley, and Goldman Sachs.

Should this move materialize, it would signify one of the most substantial IPOs of the decade.

This recent development mirrors prior speculations indicating Shein’s intentions to initiate trading on the New York Stock Exchange, following its projection of revenue growth to $49.8 billion by 2025.

Shein’s attempt to go public in the US in 2020 was delayed due to uncertainties in the market during that period.

Additionally, the news of Shein’s acquisition of Missguided from Frasers Group last month, its first acquisition of a British brand, has attracted attention. The company has also shown interest in vying for Topshop as part of its endeavors to strengthen its fashion offerings.

Image source: Kaspars Grinvalds@ Shutterstock

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