+++ Shein IPO - 🌐📈 Shein on the upswing! +++
🌟💼 The Chinese fashion giant, most recently valued at 66 billion dollars, has confidentially applied for an IPO in the USA. 📉💹 With Goldman Sachs, JPMorgan and Morgan Stanley as its main backers, Shein is aiming for a potential valuation of 90 billion dollars and is planning a possible IPO as early as 2024. 🌐💰 It is unclear how much the company is currently worth, but the valuation is a key point of discussion. 🤔📊
Confidential filing is common, allows for adjustments in communications with SEC. Shein will make adjustments and answer questions in the coming months before the filing becomes public. 📄🌐 Chinese low-cost fashion retailer Shein apparently plans US IPO! According to reports, the fashion giant could go public in 2024. 📈💰 Goldman Sachs, JP Morgan Chase and Morgan Stanley are to act as lead managers. 🏦💡 With a valuation of over 60 billion dollars in May 2023, Shein is on the rise. 🚀 The app has been downloaded over 200 million times and Shein has around 75 million active customers, mainly in the US and Europe. 🌍📱
Despite its success, Shein has been criticized for possible forced labour and low prices. Politicians are calling on the US Securities and Exchange Commission to rule out forced labor. 🚫⚖️ Experts estimate Shein's fast fashion market share in the USA at almost 40 percent, with sales of 23 billion US dollars last year. 📊💸 Shein's planned IPO raises the question: How will the company perform, and is it a worthwhile investment? What do you think? 🤔💼 #Shein
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#Investment 📈🌐
