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How to Buy Shein Stock [2024] | IPO & Valuation

How to Buy Shein Stock [2024] | Step-by-Step
Bogdan Stojkov

Summary: It’s currently impossible to buy Shein stock, as it isn’t a publicly traded company. You can, however, invest in its competitors in the e-commerce sector through a reputable brokerage platform, such as eToro.

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  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

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2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Shein

How to Buy Shein Stock: homepage screenshot.
Shein homepage. Source: us.shein.com

Founded in 2008, Shein has become a global force in the e-commerce industry. Known for its vast selection of stylish and budget-friendly clothing, it has captured the attention of fashion-conscious consumers worldwide. The company’s business model focuses on offering a wide range of products at competitive prices, making it a popular choice for online shoppers.

Shein IPO

An initial public offering (IPO) is the process by which a private company becomes publicly traded, offering its shares to the general public for the first time on a stock exchange.

As of now, Shein had not yet gone public. However, the company filed for an IPO that could occur in 2024. Until then, it’s crucial to stay updated on financial news and market developments, as the status of Shein’s IPO could change.

How to buy Shein stock: Step-by-step

Since Shein isn’t a publicly traded company yet, you can’t buy its stock. You can, however, invest in its competitors in the e-commerce industry, and here’s how:

Step 1: Research alternatives

Our top alternatives to Shein include:

Each of these alternatives is available on eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Lululemon Athletica Inc (LULU)

Lululemon Athletica Inc. is a renowned athletic apparel and lifestyle brand, recognized for its high-quality yoga and athletic wear. Founded in 1998 in Canada, this Shein stock alternative that you can buy has expanded globally, offering a range of stylish and performance-focused activewear products, including yoga pants, leggings, and athletic accessories.

Lululemon current price

Amazon.com Inc (AMZN)

Amazon is a multinational e-commerce and technology giant, originally an online bookstore that has evolved into one of the world’s largest and most diverse marketplaces. The company offers a vast array of products and services, including e-commerce, cloud computing, streaming, and artificial intelligence. This makes Amazon a viable Shein stock alternative.

Amazon current price

Shopify Inc. (SHOP)

Shopify is a Canadian e-commerce platform that enables businesses to create online stores and sell products. Known for its user-friendly interface and comprehensive suite of tools, Shopify caters to a wide range of businesses, from small entrepreneurs to large enterprises, facilitating the entire e-commerce process.

Shopify current price

Alibaba-ADR (BABA)

Based in China, Alibaba is a global e-commerce and technology conglomerate. Founded by Jack Ma, Alibaba operates various online platforms, including e-commerce, cloud computing, digital media, and entertainment. The company plays a significant role in connecting businesses and consumers across the world, particularly in the context of international trade.

Alibaba current price

Step 2: Choose the right broker to buy Shein stock alternatives

The first step in buying stocks is selecting the right brokerage platform. Namely, a brokerage is an online platform that facilitates the buying and selling of stocks. Our go-to broker is eToro, a popular platform with a myriad of useful features, such as:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 3: Fund your account

After opening a brokerage account, you’ll need to fund it before making any stock purchases. Most brokerage platforms offer various funding methods, including bank transfers and credit/debit card payments. Nevertheless, ensure that your account has sufficient funds to cover the investment amount and any associated fees.

Step 4: Place an order

With your account funded, it’s time to place an order for your chosen stock. Navigate to the trading platform on your chosen brokerage and search for the company’s stock symbol. Enter the number of shares you want to purchase and choose the type of order (market order or limit order). Double-check your order details before confirming the transaction.

Pros and cons of investing in e-commerce companies and buying Shein stock alternatives

Pros

Pros

  • Growth potential: E-commerce companies, including Shein, often experience rapid growth as online shopping becomes more prevalent;
  • Global reach: E-commerce stocks provide exposure to a global customer base, allowing for diversification beyond domestic markets;
  • Convenience: Investing in e-commerce stocks offers the convenience of monitoring and managing your portfolio online.
Cons

Cons

  • Market volatility: E-commerce stocks can be subject to market volatility, influenced by factors such as economic conditions and consumer sentiment;
  • Competition: The e-commerce industry is highly competitive, and companies must continually innovate to stay ahead, which can be challenging;
  • Regulatory risks: E-commerce companies may face regulatory challenges, especially when operating in multiple countries with different regulations.

Common mistakes to avoid when buying Shein alternative stocks

  • Ignoring research: Failing to conduct thorough research on the company and market conditions can lead to uninformed investment decisions;
  • Overlooking fees: Some investors may overlook transaction fees and other charges associated with buying and selling stocks, impacting overall returns;
  • Emotional trading: Making impulsive decisions based on emotions rather than rational analysis can lead to poor investment outcomes.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Shein stock

Is Shein a publicly traded company?

Shein still hasn’t gone public, but it’s rumored that the IPO will take place sometime in 2024. You should, therefore, follow the latest financial news for the most up-to-date information on Shein’s IPO status.

What is Shein's stock ticker?

Shein doesn’t have a stock ticker, as it still isn’t a publicly traded company.

When is Shein's stock IPO?

Reuters reports that Shein will undergo an IPO at some point in 2024.

What is Shein's stock name?

Shein doesn’t have a stock name since it’s not publicly traded.

Who owns Shein stock?

One of Shein’s co-founders, Chris Xu maintains a significant role in the company with a 33% stake, valued at $21 billion. The other co-founders, Miao Miao, Gu Xiaoqing, and Ren Xiaoqing each hold approximately 8% stakes, valuing them at around $5 billion each.

What is the estimated Shein stock price?

Bloomberg News suggests that the company’s estimated valuation in a U.S. initial stock sale could reach up to $90 billion.

How do I choose the right broker?

Consider factors such as fees, available research tools, user interface, and customer support when choosing a broker. It’s essential to select one that aligns with your investment preferences and goals.

Can I buy Shein stock on any brokerage platform?

Most likely, yes. Once Shein goes public, its stock should be available on major brokerage platforms. Ensure your chosen broker offers access to the stock market and provides the services you need.

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