STORY: Source: Reuters sources

SHEIN is set to raise about $2 bln in fresh funding

and is eyeing a U.S. IPO later in 2023

Source: Reuters sources

The company cuts its valuation to $64 bln in this

fundraising, down by a third from a round last year

If successful, the listing could be

one of the world's biggest in 2023

SHEIN sells items like $10 dresses and $5 tops

and has grown into one of the world’s largest

online fashion marketplaces since its launch in 2008

It would test U.S. investor appetite for Chinese

companies amid shaky markets and geopolitical tensions

Source: Refinitiv

Chinese companies raised around $230 mln in

U.S. listings in 2022, a drop from $12.9 bln in 2021

SHEIN tried to list in the U.S. in 2020 but shelved the plan

SHEIN told Reuters it’s not planning for an IPO and declined comment