HONG KONG : Chinese online fashion retailer SHEIN is set to raise around $2 billion in a new funding round this month and is aiming for a U.S. listing in the second half of this year, three people with knowledge of its plans told Reuters. UAE's sovereign wealth fund Mubadala is a major investor in this ro
HONG KONG : Chinese online fashion retailer SHEIN is set to raise around $2 billion in a new funding round this month and is aiming for a U.S. listing in the second half of this year, three people with knowledge of its plans told Reuters.
The float, if successful, would be one of the biggest worldwide this year and a test of U.S. investor appetite for Chinese companies amid volatile capital markets and geopolitical tensions.SHEIN said it does not currently have plans for an IPO and declined to comment further. Mubadala and Sequoia China declined to comment. GA and Tiger did not immediately respond to requests for comment.
It had attempted to list in the U.S. in 2020, but shelved the plan partly due to unpredictable markets amid rising U.S.-China tensions, sources have previously said. It was not immediately clear if SHEIN is planning to officially seek Chinese regulatory approval for its IPO.
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