General Atlantic and Mubadala-Backed Shein Files for IPO in U.S., Targets $90bn Valuation
Private Equity Insights
NOVEMBER 28, 2023
Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the initial public offering (IPO), and Singapore-based Shein could launch its new share sale some time in 2024, the sources said.
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