E79: $32b Shein 2023 revenue, 50% Canva YoY revenue growth rate, KISS avatar show coming soon, Freedom of speech and pre-IPO stocks | Pre-IPO Stock Podcast – Dec 4, 2023 | Clint Sorenson, Nick Fusco, Aaron Dillon

This Week in Pre-IPO Stocks

00:18 | Freedom of speech and pre-IPO stocks
- Freedom of speech is the hot topic on social media and its impact on pre-IPO companies like ByteDance's Tiktok and X
- Advertisers are a primary source of revenue for social media shops
- Tiktok is moving into commerce, X is moving to subscription model and AI … a desire to migrate away from advertiser driven revenue model
07:36 | $32b Shein 2023 revenue
- Shein looking to IPO in 2024
- Headquartered in Singapore (developed market), operations in China, 100% of customers outside of China, listing in
- $32b 2023 revenue run rate, +41% from 2022 building on a 45% year over year increase 2022 vs 2021
- $66b valuation as of May 2023 Series G; Sequoia Capital, General Atlantic, Mubadala invested
- Goldman Sachs, JPMorgan, Morgan Stanley are lead underwriters for IPO
15:03 | 50% Canva YoY revenue growth rate
- Canva is a graphic design + AI solution to help the layperson become a marketing expert
- Canva currently doing a tender, preparing for an IPO
- $25 billion current valuation
- $2 billion annualized revenue, 50% growth YoY rate, positive cash flow
21:23 | KISS avatar show coming soon
- George Lucas's Industrial Light & Magic is creating a KISS avatar show
- ABBA has done avatar concerts and makes $2m per week