Shein reportedly preparing to enter the US stock market
What: Chinese e-tailer reportedly preparing to enter the US stock market.
Why it is important: The listing could make Shein the biggest Chinese company to go public since the debut of mobility giant Didi Global (valued at USD 68 billion) on the New York Stock Exchange in 2021. Shein was valued at more than USD 60 billion (EUR 55 billion) in a USD 2 billion (EUR 1.83 billion) seed round in March.
Shein has been considering a U.S. IPO for at least three years, but the plan has so far been hampered by the close scrutiny that U.S. authorities place on Chinese companies and their accounts and the resulting market volatility of the Covid-19 pandemic and the war in Ukraine.
A spokesperson for Shein denied the rumours of the company preparing for an IPO.
Related posts
EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript
EU moves to end €150 customs duty exemption for low-value imports
EU moves to end €150 customs duty exemption for low-value imports
Heading 1
Heading 2
Heading 3
Heading 4
Heading 5
Heading 6
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
Block quote
Ordered list
- Item 1
- Item 2
- Item 3
Unordered list
- Item A
- Item B
- Item C
Bold text
Emphasis
Superscript
Subscript