Shein: aiming for an IPO in the third quarter with a valuation of over $40 billion

This is reported by the Wall Street Journal

(Il Sole 24 Ore Radiocor) - Chinese fast-fashion retailer Shein is aiming to launch an initial public offering (IPO) as early as the third quarter of this year, a move that could value the company at over $40 billion, according to the Wall Street Journal, citing sources familiar with the matter.

Shein has cleared a key hurdle in its long-awaited flotation by securing the go-ahead from the Chinese market regulator. According to a statement issued by the China Securities Regulatory Commission, Shein plans to issue 341.6 million Class H shares as part of the IPO.

Red-Sim