Shein Stock may Trade in London, the IPO is Coming Soon
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Explore ways to own Shein stock before and during the Shein IPO. Participate in upcoming IPOs at Webull, the broker most likely to receive a share allocation in the Shein IPO. More below.
Table of Contents
Recent Shein IPO News
07/16/2024: The potential listing of Shein is a test of London’s allure
06/28/2024: Shein Keeps Hong Kong Option as Backup
06/24/2024: Shein Confidentially Filed for Potential London IPO
06/04/2024: Shein to file prospectus for £50bn London float
Older news…
About Shein
Shein is an online clothing retailer. The company is among the largest global online retailers and one of the top five most valuable private companies worldwide.
Founded in Nanjing, China, it moved its headquarters to Singapore in 2022 for a more favorable regulatory environment for international expansion.
The company’s mission is to make the beauty of fashion accessible to all.
Core to its business model, Shein uses on-demand small-batch manufacturing technology to connect suppliers to their supply chain. The innovative distribution model reduces inventory waste and delivers affordable clothing products worldwide.
We produce just 100 – 200 pieces of any Shein-branded product at initial launch. This enables us to respond to increased demand or market changes with agility and speed – emerging trends can become Shein products quickly.
Shein works closely with its partners, giving them digital insights into fashion trends and helping them with costs and efficiency.
Online first, Shein has experimented with “pop-up” stores in the U.S., indicating it may pursue a brick-and-mortar strategy like competitors Uniqlo and H&M.
As a Singapore-based company, Shein is distancing itself from China and positioning itself to transition toward becoming a public company, likely in the U.S.
Here’s a recent video demonstrating how the company partners with international stars and influencers (Cleo Pires is a Brazilian actress).
Shein Ownership
The primary Shein owner includes founders, early investors, employees, sovereign wealth funds, and venture capital firms.
Shein last raised money in May 2023, collecting $2 billion. The company has raised around $4 billion in venture capital funding.
Global venture capital investors include Mubadala (UAE sovereign wealth fund), General Atlantic, HongShan, IDG Capital, Jinglin Capital, JAFCO Asia, Sequoia Capital China, Tiger Global Management, and Shunwei Capital Partners.
Funding Rounds
Round | Date | Est. Valuation | Raise Amount | Price |
---|---|---|---|---|
Series G | 05/16/23 | $67.00B | $2.00B | $751.03 |
Later Stage VC | 01/30/23 | NA | $100.00M | NA |
Series F | 10/06/22 | $100.00B | $1.00B | NA |
Series E | 08/03/20 | $15.00B | NA | NA |
Series D | 05/01/19 | $5.00B | $500.00M | NA |
Series C | 07/02/18 | $2.50B | NA | NA |
Series B | 06/04/15 | $241.71M | $48.34M | NA |
Series A1 | 08/31/14 | NA | $5.00M | NA |
Series A | 09/03/13 | NA | $5.00M | NA |
Source: Caplight |
Valuation
The May 2023 raise confirms the Shein valuation at $67 billion. The company was previously valued at as high as $100 billion but lost value along with many high-profile private companies.
Reporting indicates Shein seeks an IPO valuation closer to its peak valuation.
IPO Potential
The specific Shein IPO date is currently unknown, but it is on our list of likely IPO candidates in 2024.
The company has hinted at an IPO for several years and positioned itself in a more favorable geographic jurisdiction to make it happen.
Reuters reported in May 2024 that Shein is accelerating its plans to IPO on the London Stock Exchange (LSE). Sky News reported the filing could come as early as the first half of June 2024.
A U.S. IPO now seems to be out of the question due to Congressional scrutiny.
Bloomberg reported on November 27, 2023, that Shein has filed confidentially for an IPO in the U.S. A confidential filing would normally suggest the IPO could come in the next few months, pending SEC qualification. At that point, the IPO filing will be released to the public, kicking off the IPO process.
This followed a Reuters report on June 29th, 2023, that Shein filed confidentially for an IPO with the U.S. Securities and Exchange Commission (SEC). Shein denied the report, and Reuters withdrew the story, its sources later admitting Shein did not file with the SEC but was talking to advisors.
Reuters updated the story to say Shein was:
Working with at least three investment banks about a potential U.S. initial public offering, and has been in talks with the New York Stock Exchange and Nasdaq.
Goldman Sachs, Morgan Stanley, and J.P. Morgan were all helping with the IPO documentation.
Then, in November 2023, Bloomberg reported Shein was talking to investors about a potential IPO at an $80-$90 billion valuation, until several U.S. lawmakers publicly questioned if Shein should traded in the U.S.
If 2024 turns out to be an active year for IPOs, Shein could be the largest company to go public.
Shein joins Vuori and Kim Kardashian’s Skims as leading private apparel and eCommerce empires in the IPO pipeline.
Three Ways to Buy Shein Stock
Since Shein is a private international company, it may be challenging for U.S. retail investors to become equity owners today.
However, you can increase your chances of early equity ownership or obtain shares in the IPO by taking the actions outlined below.
1. Access Shein IPO shares through a broker
Now that Shein is pursuing an IPO to become a public company, nimble investors may find investment opportunities via participating online brokers.
The following online brokers give their users access to IPOs:
Webull, in particular, has a thriving history of offering allocations of IPO shares to customers for Chinese-related stocks.
Many Chinese companies have been listed on U.S. exchanges. Webull is a Chinese company with significant operations and offices in the U.S. Since both Webull and Shein are successful business ventures launched from China, there’s a good chance Webull customers will get IPO shares.
IPO underwriters control where IPO shares get distributed. Goldman Sachs has a history of distributing shares to retail brokers and is one of the firms working with Shein. However, Morgan Stanley is also present and has the opposite history and reputation.
Webull receives some IPO shares through its partnership with ClickIPO, as does TradeStation. But Webull may have other channels to receive allocations, and since the Shein could be sizable, there may be a lot of shares to go around.
Many shares will go to the underwriters’ wealthy clients. We learn about this access in the F-1 filing, which comes out a month or two before the IPO, and then get updated with more details as the IPO approaches. Usually, one week out, we learn which brokers will get access.
The brokers in the list above are the most likely to offer shares to retail investors because they have processes built into their platforms.
TradeStation and Webull have long track records of accessing more than 360 IPOs and secondary offerings via their partnership with ClickIPO.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
2. Monitor Shein stock availability on pre-IPO investing platforms
***This option is less likely possible now that Shein has filed confidentially for an IPO***
The author has not seen evidence of Shein stock being available on pre-IPO platforms and does not believe these opportunities will be plentiful or likely. Shein was founded in China, where equity incentives program rules are unfamiliar.
Early employees at Chinese tech startups can receive equity incentives, but the availability of those shares in U.S.-based pre-IPO markets is unlikely due to regulatory differences.
Shein moved its headquarters to Singapore for a more favorable international regulatory environment. But the company does not have a background like U.S. venture-backed startups in Silicon Valley.
Investors can still monitor pre-IPO investing platforms such as EquityZen, Hiive, Forge Global, and Linqto for share availability.
Expect to pay at least a $10,000 investment minimum. In some cases, the minimum investment is much higher.
Signing up for online access to pre-IPO data and deal alerts is free.
Non-accredited retail investors can bypass the accreditation requirement to own pre-IPO companies by owning the Fundrise Innovation Fund.
But pre-IPO investors cannot select individual companies, and Shein stock is currently not present in the portfolio.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
3. Buy the stock after the Shein IPO
A Shein IPO may be a year away or never happen at all. Most retail investors will not acquire pre-IPO shares or receive an allocation if an IPO happens.
Waiting for stocks to become publicly traded before investing in them has advantages.
The IPO provides investors access to several sets of financials after a few quarters of reporting, whereas pre-IPO investing has limited financials available for review.
IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
Wall Street may be apprehensive of supporting a $90 billion Asian retailer whose business model relies on fashion trends and complex supply chains. Its potential will become clearer when financials become available and if the company offers foresight on a brick-and-mortar strategy.
Without IPO access, post-IPO investors may be tempted to acquire shares at inflated prices.
Avoid purchasing overvalued shares immediately after the IPO, as they tend to experience a decline in value following lockup expirations and quarterly earnings disappointments.
In contrast, the most disruptive companies are likely to experience higher valuations a decade from now. Be selective and patient.
Frequently Asked Questions (FAQs)
Is Shein Publicly Traded?
No. Shein is not publicly traded.
What is the Shein IPO date?
The Shein IPO date could come as early as summer of 2024. But a specific date is not yet set.
Where can I find the Shein IPO Filing?
Shein is likely to IPO in London, so we don’t expect the confidentially-filed U.S. F-1 to ever be released.
Monitor the London Stock Exchange New Issues page for the latest information about a Shein IPO filing.
In the meantime, you can check out the most recent S-1 and F-1 filings in our filings feed.
What is the Shein Stock Symbol?
There is no Shein stock symbol yet because it is a private company.
We can speculate about the Shein ticker before it pursues an IPO. The following Shein ticker suggestions are available in the U.S.:
- SHN
- SHEI
- SHIN
- Shein
Nasdaq symbols are usually four characters long but can be up to five. NYSE symbols are usually one, two, or three characters long but can be as long as four.
What is the Shein Stock Price?
A public Shein stock price does not exist because the company remains private.
Based on pre-IPO marketplace transactions and other sources, private stock price data is becoming more available and reliable.
However, the stock price is only the value of one share. Like public companies, the underlying valuation metrics, revenue, profitability, and market sentiment toward private companies are more significant factors than the share price.
Will the Shein IPO happen in the U.S. or London?
London. Several reputable news agencies have indicated a London Shein IPO is near.
Shein News Archive
05/10/2024: Shein steps up London IPO preparations
03/05/2024: How Shein’s US IPO Became Endangered
02/26/2024: Shein Considers London IPO After US Resistance
02/15/2024: Rubio urges SEC to block Shein IPO
02/01/2024: Shein denies it is under Chinese cybersec review
01/25/2024: Shein Backers Offer to Sell at 30% Discount
01/17/2024: Shein Faces New IPO Hitch: China’s Cyber Police
01/12/2024: Shein files with Chinese regulator for planned US float
12/28/2023: Shein Taps Political Heavyweights
12/05/2023: Luetkemeyer Calls on SEC to Prevent Shein IPO
11/27/2023: Shein Files Confidentially for an IPO
11/06/2023: Shein Targets Up to $90 Billion Valuation in US IPO
08/24/2023: Shein Strikes Deal With Forever 21
07/04/2023: Shein in talks with banks and exchanges about U.S. IPO
05/18/2023: Fashion Giant Shein Raises $2 Billion but Lowers Valuation by a Third
03/03/2023: Shein Had Informal Talks With U.S. Tech Giants About Potential Investment
01/18/2023: Shein in talks on fundraising that would slash valuation from $100bn to $64bn
11/20/2022: Shein’s Cotton Tied to Chinese Region Accused of Forced Labor
04/04/2022: Shein Valued at $100 Billion in Funding Round
Conclusion
Shein customers may seek out an investment in a company they frequent and love.
However, pre-IPO Shein shares may remain elusive due to having foreign early equity holders.
At an up to $90 billion offering, the Shein IPO could launch millions of shares into the public markets, leading to IPO access for thousands of retail investors. I believe Webull will get the most shares because of its ties with Chinese companies.
Retail investors should be cautious. It’s unclear how receptive Wall Street will be to such a large IPO with origins in China. Though Shein’s move to Singapore should help with perception.
The Shein financials will be critical for retail investors in this deal.
Pre-IPO investing platforms have opened more opportunities for retail investors. However, opportunities to invest in Shein stock before the Shein IPO will likely be limited.
Temper your expectations if you’re interested in pursuing pre-IPO equity in Shein. You’ll likely need to wait for the IPO, but it may be around the corner. Monitor this website for the latest.
Good luck if you wish to participate in the Shein IPO. Invest in pre-IPO and IPO companies at your own risk.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long HOOD and the Fundrise Innovation Fund.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. A DIY investor since 1995, he started Access IPOs in 2016 to provide a resource for ordinary investors pursuing access to IPOs. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.