According to Bloomberg, the slowdown of China’s fast fashion giant Shein has triggered concerns about investors. Some shareholders are seeking to sell a part of the shares at a discount of 70%of the April valuation. SHEIN’s amazing growth has helped it quickly become the third largest and most valuable startup in the world. Its annual sales growth slowed from 250%of the previous year to about 60%in 2021. The company originally planned to be listed in the United States in 2024, but the growth of growth and a series of criticisms on the issues such as Shein’s environmental protection, social governance, etc., allowed the fast fashion giant to re -adjust the listing schedule.
Based on SHEIN prospect estimates, some private shareholders are considering cash before the first public offering in the future. Although the specific price is still discussing, this wave of sales means that SHEIN’s valuation has fallen further, and it is expected to fall as high as US $ 30 billion.
Post time: Aug-02-2022