Shulou(Shulou.com)11/24 Report--

CTOnews.com March 9 news, according to the Financial Associated Press, cross-border e-commerce platform SHEIN responded to IPO rumors that the news is not true, the company has no plans to go public.

SHEIN will raise about $2 billion in a new round of financing this month and plans to list in the US in the second half of this year, according to a Reuters report earlier today, according to three people familiar with SHEIN's plans. SHEIN lowered its valuation to $64 billion (currently about 445.44 billion yuan) in the financing, down 1/3 from a round of financing a year ago, according to six people familiar with the matter.

The company held preliminary talks with several investment banks last month to select the main bookkeeper of the US IPO, according to two people with direct knowledge of the plan. If successful, it will be one of the largest IPO in the world this year.

According to official SHEIN information, SHEIN, founded in 2012, is a global fast fashion e-commerce platform that directly serves consumers in more than 150 countries and regions around the world, with operating centers in Guangzhou, Singapore, Los Angeles and other major markets. SHEIN sells 600000 items of choice every day, covering clothing, shoes, beauty makeup, home furnishings and other categories.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.