SHEIN profit slumps by 40% ahead of London IPO
Shein profits slump in fresh challenge to long-planned London IPO
As a private company, Shein does not publish profit guidance but the 2024 figures were far lower than the $4.8bn in net profit and $45bn in sales the company had projected for 2024 in a presentation to investors in early 2023, which was seen by the FT. Shein did not respond to a request for comment.
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Shein's net profit fell by almost 40 per cent in 2024, raising doubts about its long planned London stock market listing.
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