Shein Group LimitedPrivate▼ Negative
Capitalrelevance
IPO valuation reportedly below $30 billion, down from $100 billion in 2022, and below internal target.
SHEIN IPO valuation could fall below $30 billion, FT reports
Corporate Action
The Financial Times has reported, citing sources, that advisers to Chinese online fast-fashion giant SHEIN are pitching the company to potential investors at a valuation below $30 billion ahead of its initial public offering. That would be a sharp drop from the more than $100 billion valuation it achieved in a private fundraising round in 2022, and it may also fall short of an internal target of $30 billion. If the IPO proceeds at a lower level, existing investors will likely need to renegotiate terms, and the company is expected to struggle to persuade major Chinese institutional investors to buy shares. Reuters reported last week that SHEIN was aiming for a valuation of $30 billion to $40 billion in a Hong Kong IPO that could take place as early as the middle of this month.
IPO valuation reportedly below $30 billion, down from $100 billion in 2022, and below internal target.