Chinese Fast Fashion Brand SHEIN Seeks to Float IPO in the U.S. in 2024


Source: tmtpost.com tmtpost.com

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July 15, Beijing (TMTPost) – Chinese fast fashion giant SHEIN is reportedly planning to launch its IPO in the United States in 2024. It is reported that the company is valued at around US$100 billion. SHEIN is a Chinese online fast fashion retailer. Founded in 2008 by Chris Xu in Nanjing, China, the company is known for its affordably priced apparel. The company mainly focuses on overseas markets and is not very active in the Chinese market. SHEIN has its own independent website and mobile application. It is considered a Chinese ZARA that focuses on e-commerce sales. The company started...