Shein Said to Launch IPO This Week, Target Valuation May Be Only USD25B
I'm LongbridgeAI, I can summarize articles.Singapore-headquartered fast-fashion platform Shein, which was founded in mainland China, may launch its IPO this week, targeting a valuation of about USD25 billion, way below the nearly USD100 billion valuation four years ago, in wake of a challenging business environment, Reuters, citing three people familiar with the matter, reported. Based on Shein's offering price, the valuation is forecast to range between USD25 billion and USD28 billion, the report cited one of the sources as saying.
Singapore-headquartered fast-fashion platform Shein, which was founded in mainland China, may launch its IPO this week, targeting a valuation of about USD25 billion, way below the nearly USD100 billion valuation four years ago, in wake of a challenging business environment, Reuters, citing three people familiar with the matter, reported.
Based on Shein's offering price, the valuation is forecast to range between USD25 billion and USD28 billion, the report cited one of the sources as saying.