5 Most Valuable Pre-IPO Companies in The World

4. Shein

Valuation: $64 billion

Founded in 2008, Shein is a Chinese global fashion and lifestyle e-retailer with products sold in more than 150 countries and territories worldwide. Shein uses on-demand manufacturing technology to connect suppliers to its supply chain, reducing inventory wastage and enabling cheaper products. Its annual sales reportedly exceeded $10.0 billion in 2020.

Shein was reportedly valued at more than $100 billion in a funding round raised during the first half of 2021. The company is backed by investors including General Atlantic, Tiger Global Management, and Sequoia Capital China, among others. Shein was seeking additional multi-billion dollar funding for the company earlier this year, reportedly, at a valuation of $64 billion.