INSUBCONTINENT EXCLUSIVE:
Shein, a leading Chinese online fast-fashion retailer based in Nanjing, is preparing for a major initiative in 2024.The company has
confidentially filed for an IPO with the U.S
Securities and Exchange Commission SEC.This strategy, reported by The Wall Street Journal, involves top financial institutions like Goldman
Sachs, JP Morgan, and Morgan Stanley.In the U.S., confidential IPO filings allow companies to work with regulators before making details
public.Typically, this information is released a few weeks before the market launch
underwhelming performances, with the exception of firms like Arm Holdings in the tech sector.Shein Eyes 2024 IPO Amidst Market Optimism
2021 New York Stock Exchange listing of Didi, valued at $68.4 billion
remarkable growth.In 2022, it reported a record Gross Merchandise Value (GMV) of $23 billion and a net profit of $800 million.Management
than just a shopping site, introducing 10,000 new products each month.However, Shein faces growing scrutiny over tax payments and the
sustainability of its production practices.To tackle these issues, Shein is diversifying
a 30% drop in valuation compared to the previous year.This shift indicates a more cautious approach to valuation in the current economic
