Shein reportedly seeks $90 billion valuation in IPO

Shein has seen big swings in its price tag over the last year. The Singapore-headquartered fast fashion platform is targeting a valuation of up to $90 billion in a potential U.S. initial public offering, Bloomberg reported on Tuesday.

TechCrunch has reached out to Shein for comment. An investor briefed on the matter told us that there’s still no timeline for Shein’s IPO plans.

That price tag is up from the $64 billion valuation it was given in a funding round early this year. But the online fashion upstart, which has disrupted an industry that had been dominated by the likes of Zara and H&M, attained an even higher valuation of $100 billion in April 2022.