Shein Faces Pressure to Lower Valuation to $30 Billion for London IPO
The fast-fashion giant's valuation has plummeted from $100 billion in 2022, as it navigates investor concerns, regulatory hurdles, and geopolitical challenges.
- Shein's shareholders are urging the company to reduce its valuation to $30 billion to secure its planned IPO on the London Stock Exchange.
- The company’s valuation has declined sharply from $100 billion in 2022 to $66 billion in 2023, and $45 billion in early 2024, reflecting waning investor enthusiasm.
- The decision to pursue a London IPO comes after regulatory and political obstacles hindered Shein's initial plans to go public in the United States.
- U.S. President Donald Trump’s removal of the de minimis tariff exemption for small packages has created additional financial and operational challenges for Shein’s U.S. market, its largest customer base.
- Shein has faced scrutiny over alleged labor abuses and its ties to China, despite relocating its headquarters to Singapore and attempting to address concerns over its supply chain.
PYMNTS 
The Independent 
South China Morning Post 
CNA 
