Shein IPO date is to be announced. The company does not have a ticker symbol or stock code.
Shein is an online clothing retailer headquartered in Singapore, Singapore. Found in 2008 by Chris Xu, Shein offers an extensive range of affordable and on-trend clothing for men, women and children. The company has also expanded its product line to include accessories, shoes, beauty products, electronics, sports and outdoor equipment, appliances, pet supplies, automotive accessories, office and school supplies and toys and games.
Shein uses on-demand manufacturing technology to connect suppliers to its supply chain and operates in over 150 countries worldwide.
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Latest updates for Shein stock
April 16, 2024: Shein has been accused of copyright infringement in a class-action lawsuit that alleges the company uses data scraping and electronic monitoring to identify popular designs and steals them to generate its products, according to Fortune.
March 31, 2024: Shein had a blockbuster 2023 with more than $2 billion in profits, according to The Financial Times, which cited four anonymous sources “close to the company.” The figure means the brand more than doubled its profits from $700 million in 2022, surpassing its fast-fashion rival H&M.
March 26, 2024: Online fast-fashion giant Shein has more than doubled its profits as it awaits regulatory approval from Beijing to go ahead with its blockbuster listing in New York or London, according to The Financial Times.
March 23, 2024: Shein could be about to announce the London Stock Exchange (LSE) as the destination for its initial public offer (IPO) in a matter of days, according to a weekend report from UK newspaper The Daily Mail’sThis Is Money.
What we know about the Shein IPO
Shein has confidentially filed to go public in the US, according to Reuters. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the IPO that’s reportedly slated to take place in 2024.
The deal’s size or IPO valuation has not yet been determined.
What we know about Shein’s balance sheet
As a private company, Shein’s financials are not public.
In February 2023, the Financial Times reported that a Shein “management presentation” shown to investors and seen by the Financial Times showed that Shein was targeting annual revenue of $58.5 billion in 2025, up from $22.7 billion in 2022. Shein also reportedly projected that its gross merchandise value will grow 175% from 2022 to $80.6 billion in 2025. According to the presentation, as reported by the Financial Times, Shein achieved a profit for four consecutive years, reaching $700 million in 2022.
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Frequently asked questions
Shein has reportedly filed to go public, though the date and terms of the IPO have not yet been revealed.
Shein is not a public company as of December 2023. Therefore, it has no public stock.
Shein is a private company and its ownership details are not publicly disclosed.
Matt Miczulski is an investments editor at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
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