The company announced a quarterly net loss of $99m in its last pre-IPO disclosure in July. 7bn in an initial public offering at a valuation of $26bn – just more than a quarter of the $100bn it was once valued at. The listing comes after the company announced a quarterly net loss of $99m in its last pre-IPO disclosure in July. Shein, which is primarily known for selling mass manufactured apparel and lifestyle-related products for extremely cheap prices, was among the businesses that profited heavily from the e-commerce boom. At its peak, the business raised money at a $100bn valuation in 2022, making it the world’s third most valuable start-up.