Profit and market valuation slashed in half: will Shein postpone I.P.O.?

Featured image of the article Profit and market valuation slashed in half: will Shein postpone I.P.O.?

An article by Morgane Monteiro

Publication

25 February 2025 à 17h55

Updated on 24 July 2025 à 10h04

Reading time

3 minutes

Publication: 25 February 2025 à 17h55, Updated on 24 July 2025 à 10h04

Reading time: 3 minutes

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An article by Morgane Monteiro

Publication

25 February 2025 à 17h55

Updated on 24 July 2025 à 10h04

Reading time

3 minutes

Publication: 25 February 2025 à 17h55, Updated on 24 July 2025 à 10h04

Reading time: 3 minutes

Share
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Shein may delay a London Stock Exchange I.P.O., initially planned for April 2025, to the second half of the year. According to the Financial Times on February 23, growth in 2024 fell short of expectations. Shein’s revenue reached US$38 billion (up by 19%), well below the projected US$45 billion. Net profit halved, dropping from US$2 billion to US$1 billion in 2024, far below the US$4.8 billion initially forecasted by management. As a reminder, Shein’s GMV stood at US$45 billion in 2023.

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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