SHEIN APPLIES FOR IPO IN THE USA

According to sources familiar with the matter, the fashion company has filed Shein has filed a confidential application to list in the United States. In doing so, it is likely to be one of the the most valuable companies founded in Chinathat will go public New York market.

Companies have been hired as lead underwriters in the IPO Goldman Sachs, JPMorgan Chase and Morgan Stanley and Singapore-based Shein could start selling its new shares in 2024.

Shein has not yet determined the size of the deal or the IPO valuation. Agency Bloomberg reported earlier this month that the target for the listing is as high as US$90 billion.

What's your take on this IPO, from my perspective it will be one of the most interesting this year.