About SHEIN:
Shein is a Chinese-founded fast-fashion e-commerce company founded in 2008 by entrepreneur Chris Xu. Originally known as ZZKKO, the company changed its name to SHEIN in 2015 and quickly became a fully integrated retailer offering a wide range of clothing, shoes, accessories, cosmetics and more. With big data and China's ability to manufacture quickly, SHEIN is able to quickly design and produce affordable clothing, becoming one of the world's largest pure-fashion companies, mainly for Gen Z consumers. The company has gained widespread popularity through its strong presence on social ** platforms such as TikTok, Instagram, Facebook, and more, working with fashion bloggers, influencers, and celebrities, as well as viral merchandise in advertising.
ipoPlan
According to reports, SHEIN has secretly submitted an IPO application in the United States. While the IPO date has not yet been officially confirmed, it is expected to take place in 2024. It is reported that the company is in discussions with investment banks and raised about $2 billion in a new round of funding conducted in March this year. Due to the growing popularity of fast fashion and SHEIN's rapid growth in recent years, the IPO is expected to generate great interest from investors. If the IPO goes well, the application documents, including the company's financial operations and executive information, will eventually become public documents, allowing potential investors and customers to understand the company's operations.
Controversy
SHEIN has faced lawsuits for copyright infringement and controversies over its ** chain and ethical aspects. Some lawmakers have called for an SEC audit before the company is allowed to be released to the public. These controversies could affect the IPO process and cause political scrutiny.
Valuation analysis
SHEIN could be valued at as much as $66 billion in its initial U.S. offering, making it more valuable than retail giants H&M and Zara combined. However, the final valuation will be determined as the IPO date approaches based on investor demand and the company's financial position. The company's clever use of social** and influencer marketing has contributed to its rapid growth, and the IPO is expected to generate significant investor interest given SHEIN's popularity and success among young consumers.
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