✦ AI AI Company Comparison

Shein vs Toast — IPO & Funding Comparison

Side-by-side IPO readiness, funding history, and valuation comparison. Data sourced by TechStackIPO.

⚠️
Some data on this page may be outdated. We're verifying.
Data for Shein last verified: Jul 7, 2026. Data for Toast last verified: Jul 5, 2026.
Metric Shein Toast
Valuation$30-50B$11B
Total Funding$5.2B$899M
IPO StatusPre-IPOPublic
SectorE-CommerceFintech
StagePre-IPOPublic
HeadquartersSingaporeBoston, MA
CEOChris XuAman Narang
The IPO Stack Newsletter

Get Tuesday's IPO moves + one deep-dive in your inbox

Scores, valuations, and signals for Shein, Toast, and 370+ companies. 5-min read every Tuesday.

Shein

Shein is the world's largest fast fashion company, valued at $66B with $5.2B raised. Track IPO readiness score, funding history, and public market timeline.

IndustryE-Commerce
StagePre-IPO
IPO StatusPre-IPO
Valuation$30-50B
Total Funding$5.2B
HeadquartersSingapore

Toast

Restaurant management platform combining POS, payments, and operations software.

IndustryFintech
StagePublic
IPO StatusPublic
Valuation$11B
Total Funding$899M
HeadquartersBoston, MA

Get the Full Report on Any Company — One-Time $19

Complete funding history, cap table, S-1 analysis, and investor breakdown for any company. Instant PDF download.

Get All 375+ Reports — $49/mo

Or buy any single company report for $19

Frequently Asked Questions

What is the Shein vs Toast valuation in 2026? +

Shein is valued at $30-50B. Toast is valued at $11B. Both figures are based on the most recent funding rounds tracked by TechStackIPO.

Which is more likely to IPO first — Shein or Toast? +

Shein filed an S-1 in June 2024 and is actively in the IPO pipeline. Toast filed an S-1 in August 2021 and is actively in the IPO pipeline. Track both companies on TechStackIPO for S-1 filings, roadshow announcements, and IPO date updates.

How much has each company raised in total funding? +

Shein has raised $5.2B. Toast has raised $899M.

Are Shein and Toast in the same sector? +

Shein operates in E-Commerce, while Toast operates in Fintech.

What are the key differences between Shein and Toast as investments? +

Shein is a E-Commerce company valued at $30-50B with $5.2B raised. Toast is a Fintech company valued at $11B with $899M raised. See TechStackIPO's full side-by-side comparison for IPO readiness scores, funding timelines, and investor access options.

How can I invest in Shein or Toast before their IPO? +

Accredited investors can access pre-IPO shares in Shein and Toast through secondary market platforms, pre-IPO funds, and broker-dealer platforms that facilitate private company transactions. TechStackIPO's marketplace section tracks available access options for both companies. Pre-IPO investments carry higher risk and limited liquidity.