Shein is under pressure to reduce its valuation further to $30 billion ahead of its initial public offering in London.
The online retailer may have to slash its valuation as shareholders stated that an alteration is required for the listing in the UK, Bloomberg News reported.
This amount is nearly a quarter less than the retailer’s fundraising value of $66 billion in 2023.
The announcement follows a recent report by Reuters, showing the company’s valuation reduction from $100 billion in 2022 to $50 billion in 2025, following the threat of increased tariffs as an obstacle.
Additionally, the fast fashion giant faced a challenge when the closure of the ‘de minimis’ duty exemption was announced by the Trump administration, which allowed duty-free imports of merchandise valued below $800.
The company reportedly delayed the plans for an IPO due to the hurdle of additional tariffs announced by the Trump administration.
Shein had previously informed investors of its plans to launch its flotation as early as Easter but may be pushed into the second half of the year, according to the Financial Times.
