Shein Faces Pressure to Slash Valuation to $30 Billion Ahead of London IPO

Fast-fashion giant Shein is under investor pressure to reduce its valuation to $30 billion ahead of its planned London IPO, Bloomberg News reports. Once valued at $66 billion in 2023, the company has faced challenges, including regulatory scrutiny, supply chain concerns, and global trade uncertainties. Shareholders believe the valuation cut is necessary to secure the IPO amid mounting headwinds. Originally aiming for a first-half 2025 listing, Shein may delay its plans to later this year due to market conditions and geopolitical factors. The company has yet to comment on the matter.
Source: Bloomberg News