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 United States 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 United States , confidential IPO
filings allow companies to work with regulators before making details public.Typically, this information is released a few weeks before the
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
