Fashion brand SHEIN, which is expected to be among the most valuable China-founded companies to list in New York, has quietly applied to go public in the United States, according to two people familiar with the situation.
The sources stated that Singapore-based SHEIN may begin its fresh share sale at some point in 2024, and that Goldman Sachs, JPMorgan Chase, and Morgan Stanley have been appointed as the IPO’s primary underwriters.
The sources stated that SHEIN has not decided on the deal’s size or IPO valuation. Bloomberg stated earlier this month that the float was intended to reach up to $90 billion. Both SHEIN and the banks opted not to respond.
In a fundraiser in May, the mainland Chinese company that was launched in 2012 saw its valuation drop by a third from the previous year’s investment round to around US $ 60 billion.
The fast-fashion giant’s move to go public in the US comes as the market for initial public offerings is struggling to rebound after a string of lacklustre stock market debuts.
Bharat Tex Special Report 2026 
