China's cross-border e-commerce giants have great ambitions! SHEIN reportedly hopes to have an IPO valuation of $90 billion in the United States
海角七号
发表于 2023-11-7 16:49:54
240
0
0
According to sources familiar with the situation quoted by the media, SHEIN is in the process of preparing for its final IPO in the United States and hopes to obtain a valuation of up to $90 billion, which far exceeds the valuation obtained by the cross-border e-commerce giant in recent non-public transactions.
The above-mentioned insider stated that the company has informed potential investors that its listing goal is to obtain a valuation of $80-90 billion. The above person stated that due to recent market fluctuations, the specific listing time is still uncertain.
According to insiders, in non-public transactions, SHEIN's recent valuation has been lower than the $66 billion valuation level obtained from the May round of financing - the company's recent secondary market share exchange valuation is approximately $50 billion to $60 billion.
Although the valuation in non-public transactions may not necessarily reflect the actual valuation of the company, the gap between this number and the latest rumored $90 billion IPO valuation target is clearly significant, which may also make SHEIN's listing plan more complex.
According to the latest market value statistics as of Monday's close, among the companies in the $80 to $90 billion market value category, the highest market value Chinese concept stock company is Meituan (approximately $89.7 billion), and further up, it can already be ranked after BYD (approximately $94.1 billion).
SHEIN announced at the end of last month that in order to further expand the market and increase global influence, the company had acquired the fast fashion brand Misguided under the Frasers Group, a British fashion retail group. Industry insiders speculated at the time that this acquisition may help the company expand its business footprint and increase its valuation for its potential US stock listing.
It is reported that after this merger and acquisition, Misguided's products will be produced by SHEIN and sold simultaneously on Misguided and SHEIN's official websites. The original shareholder, Star Lion Group, will continue to hold all of Misguided's properties and human resources. In addition, Misguided's intellectual property rights will be transferred to Sumwon Studios, a joint venture established by SHEIN and Misguided founder Nitin Pasi. The joint venture will manage and operate the Misguided brand.
SHEIN is developing rapidly
SHEIN is a B2C fast fashion cross-border e-commerce company, mainly engaged in the sales of self branded clothing.
SHEIN's predecessor, Nanjing Dianwei Information Technology Co., Ltd., was established in 2008 and early engaged in cross-border wedding e-commerce; In 2012, SHEINSIDE Transform COM's domain name into cross-border women's clothing and adopt an independent website model; In 2015, SHEINSIDE was renamed as SHEIN and entered the fast lane of development.
In recent years, SHEIN has developed into one of the world's largest unicorn enterprises, deeply rooted in the fast fashion women's clothing track, and its business mainly focuses on markets such as Europe, America, the Middle East, and Southeast Asia. In the "2023 Global Unicorn Enterprise 500 Development Report" released in September this year, SHEIN ranked fourth among the global unicorn enterprise 500 and also ranked among the top three Chinese unicorn enterprises.
In terms of financial condition, SHEIN has achieved profitability for four consecutive years, reaching $700 million in 2022. However, this is a decrease from the $1.1 billion in 2021, as high air freight costs and rising production costs erode profits.
Shein raised $2 billion in a new round of financing in June this year, but its valuation in this round was only $66 billion, a decrease of nearly one-third from $100 billion a year ago. The latest round of financing is still led by old shareholders such as Sequoia and General Atlantic.
In 2022, Shein was once the third most valuable startup in the world, and the valuation of the company in the F-round financing at that time was as high as hundreds of billions of dollars. But since then, with the uncertain global economic outlook and rising interest rates, investors' vigilance towards risky assets has increased, and the company's valuation has plummeted along with other startups and technology companies.
Insiders said that SHEIN's listing plan is still under discussion, and a final decision on the valuation and timing of the IPO has not yet been made.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Top 20 US Stock Exchange Transactions: Musk claims that China's industrial production capacity has far exceeded that of the United States
- Most popular Chinese concept stocks rose on Friday, with the Nasdaq China Golden Dragon Index up 4% and NIO up over 12%
- Popular Chinese concept stocks rise, NASDAQ China Golden Dragon Index rises by about 4%
- 3.3 billion yuan! NIO China receives a new round of capital increase from strategic investors
- NIO China receives a new round of strategic investment and capital increase
- 3.3 billion yuan! NIO China receives a new round of capital increase from strategic investors
- NIO China receives a new round of capital increase from strategic investors
- NIO China receives a new round of 3.3 billion yuan capital increase from strategic investors
- Moving towards a bull market? China's massive easing boosts Bitcoin outlook to $70000
- On Monday, popular Chinese concept stocks closed with mixed gains and losses. The Nasdaq China Golden Dragon Index rose about 30% in September
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 昨天 14:17
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 昨天 09:33
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 前天 18:36
- 支持
- 反对
- 回复
- 收藏