Shein Poised for IPO With $22–$25B Valuation, BI Projects

Bloomberg Intelligence estimates Shein Global Holdings’ pre-IPO value at about $22–$25 billion, implying a multiple of roughly 13–15x projected 2027 earnings. Analysts expect earnings to reach about $1.67 billion in 2027 and grow around 20% annually through 2029, with BI noting the firm’s hybrid model—China-linked marketplace and global fast-fashion retailer. The valuation is below some investor targets (~$30B) and far under the $66B raised in 2023; Shein’s peak valuation was about $100B in 2022. BI also flags regulatory, tariff, and shipping-cost risks given its China-heavy supply chain as it readies for a high-profile IPO later this year.