HONG KONG — Chinese online fashion retailer Shein is set to raise around US$2 billion (S$2.7 billion) in a new funding round this month and is aiming for a US listing in the second half of this year, three people with knowledge of its plans told Reuters. The United Arab Emirates' sovereign wealth fund, Mubadala, is a major investor in...
Shein said it does not currently have plans for an IPO and declined to comment further.HONG KONG — Chinese online fashion retailer Shein is set to raise around US$2 billion in a new funding round this month and is aiming for a US listing in the second half of this year, three people with knowledge of its plans told Reuters.
The company last month held initial talks with several investment banks to pick lead book runners for the US initial public offering , said two of the sources with direct knowledge of the plans. Investors who participated in Shein's 2022 fund raising will adjust the value of the stakes they bought earlier to reflect the company's current valuation, two of the sources said.
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