SHEIN, a Chinese ecommerce fashion retailer based in Singapore, is said to be aiming to raise around $2 billion in a funding round to be held in March. In addition, the company is reportedly planning to list on a US stock exchange during the second half of the current fiscal year.
According to reports, the upcoming funding round of SHEIN will be spearheaded by Mubadala, the sovereign wealth fund of the United Arab Emirates. Other notable participants include Tiger Global Management, General Atlantic (GA), and Sequoia Capital China, the latter two of which are already investors in the online retailer.
However, neither SHEIN nor the investor groups have made an official statement confirming the funding round or revealing the individual amounts that each private equity firm plans to contribute. Chinese online fashion retailer SHEIN is set to raise around $2 billion in a new funding round this month and is aiming for a U.S. listing in the second half of this year, three people with knowledge of its plans told Reuters.
Earlier this year, The Information reported that SHEIN had held initial talks with US tech giants Amazon and Google about a possible investment, although it is unclear whether either company is actually interested in investing in the fashion retailer.
IPO in the United States of America
Should SHEIN’s IPO prove successful, its performance will be closely scrutinized by analysts as it will provide insights into the market’s sentiment towards Chinese companies