Shein aims for almost $27bn valuation in stock market debut

"In response to the increased duties and taxes, we are pursuing a wide range of options, including increasing our prices in the US market to offset a portion of the increased costs," Shein said at the time.The company also said the Iran-war" class="entity-link entity-event" data-entity-id="38748" data-entity-type="event">Iran war had hit demand, increased costs and caused delays of deliveries in some markets.The first-quarter figures also partly reflected a paper loss of $328m due to an accounting change for special investor shares. The shares can be turned into ordinary stock later, and their value can change before a listing.Since it was founded in 2008, Shein has risen to become one of the world's biggest fast-fashion retailers, with customers in more than 150 countries.The e-commerce giant is known for selling ultra-cheap clothes, backed by a vast network of factories in China that are able to quickly manufacture new products based on the latest trends.Its revenue has far outstripped rivals like H&M and Zara.As of the end of March 2026 Shein had 281 million active customers - a rise of more than 16% on a year earlier - who placed a total of more than one billion orders.But Shein's fast-fashion business has faced concerns over its environmental impact, and allegations of forced labour in supply chains. Shein has previously told the BBC it has a "zero tolerance for forced labour".