Quartz·1 min read·medium
Shein is offering $1.1 billion in cash payouts to investors as it prepares for a much cheaper IPO
✦AI Summary
Fast-fashion retailer Shein is planning to distribute $1.1 billion in cash to investors ahead of a potential IPO. The company is aiming for a valuation between $40 billion and $50 billion, a notable decrease from its 2023 valuation.
The fast-fashion retailer's planned listing is targeting a valuation of $40 billion to $50 billion, well below the $64 billion investors paid in 2023
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