Shein faces pressure to cut valuation to US$30bil ahead of London IPO

Shein faces pressure to cut valuation to US$30bil ahead of London IPO

The online fast-fashion retailer is aiming to go public in the first half of this year, assuming it secures approvals from regulators in the UK and China.

shein
The Financial Times reported that Shein’s listing was likely to be postponed to H2 2025 after US president Donald Trump’s move to end the ‘de minimis’ duty-free import provision. (Reuters)
NEW YORK:
Online fast-fashion retailer Shein is under pressure to cut its valuation to about US$30 billion ahead of its London listing, Bloomberg News reported today, citing people familiar with the matter.

Its shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over the line, Bloomberg News reported.

A spokesman for Shein declined to comment.

Earlier this month, Reuters reported that Shein was set to cut its valuation in the potential London listing to around US$50 billion, nearly a quarter less than the company’s fundraising value of US$66 billion in 2023, amid growing headwinds.

Shein is aiming to go public in London in the first half of this year, assuming it secured approvals from regulators in the UK and China, Reuters reported.

The Financial Times reported last week that Shein’s listing was likely to be postponed to the second half of this year (H2 2025) after US president Donald Trump’s move to end the “de minimis” duty-free import provision.

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