Deals
Shein Private Bids Imply $30 Billion Valuation Drop Since April, Sources Say
- Funds weighing selling stakes before IPO cite volatility, ESG
- Wide spread between buyers and sellers is a hurdle to deals
Shein has seen annual sales growth slow to around 60% in 2021 from a 250% jump the year before.
Photographer: Jade Gao/AFP/Getty Images
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Investors looking to sell stakes in Shein are evaluating bids at discounts of about 30% to its $100 billion valuation in April, according to people familiar with the matter, amid concern about the Chinese fast-fashion giant’s slowing growth.
While some current shareholders in the private company are considering cashing out ahead of a future initial public offering, the valuation spread between buyers and sellers remains a hurdle to any trade, the people said, asking not to be identified because the matter is private.