Shein, the trendy fashion brand loved by many, is getting ready to go public in the U.S. They filed some important paperwork for an IPO, which means they might sell shares of their company. This news, reported by the New York Times and Reuters, is keeping some details secret for now. People are excited to see how things will unfold as Shein takes steps to become a publicly traded company.
shein (PHOTO:tech in asia)
Shein, the famous cheap clothes brand, is planning to become a public company in the U.S. They secretly filed for an IPO, which means they might sell parts of their company to the public. This move allows people, like investors and customers, to learn more about how Shein operates. Despite being secretive, Shein has faced problems like lawsuits for copying designs and questions about how they treat workers in China. Going public could shine a light on their business and financial details. The IPO is expected to happen in 2024, but Shein hasn’t officially talked about it yet.
According to Yahoo Finance, Shein, the famous fashion brand popular on TikTok and Instagram, is getting ready to sell parts of its company to the public, known as an IPO. The company’s owner, Chris Xu, is a bit mysterious but could be worth $21 billion. Three other owners are also billionaires. The IPO might happen in 2024, and Shein could be worth around $90 billion. Some people are worried about problems the company has had, and politicians want to check if everything is okay before Shein sells its stock. Once Shein makes its plans public, investors can learn more about how the company is doing and if it’s making a good profit. Everyone is curious to see how Shein keeps growing in the fast-paced world of online fashion.
