The fast fashion retailer has been in talks over an initial public offering on the London Stock Exchange over the past 12 months.
Shein, a fast fashion giant, is reportedly under pressure to reduce the valuation of its planned London stock market listing. The company, which has been in talks for an initial public offering (IPO) on the London Stock Exchange, has seen its valuation target reduced from $66 billion to around $30 billion due to investor pressure. The reduced valuation is linked to challenges such as political pressure in the UK over alleged supply chain and labor abuses, and US President Donald Trump’s administration plans to scrap tariff exemptions on small goods from China, which could impact Shein’s business model.
