Shein poised to slash valuation to $50 billion in London IPO

Online fast-fashion retailer Shein is set to cut its valuation in a potential London listing to around $50 billion, Reuters exclusively reported, nearly a quarter less than the company’s 2023 fundraising value amid growing headwinds.

Why it matters

The company’s business prospects have come under a cloud in recent days after the Trump administration said it would close the “de minimis” duty exemption in the United States, ending an import rule that had helped Shein keep prices low. The measure’s removal could hurt Shein’s profitability and push up product prices in the U.S., its biggest market, analysts and industry experts have said.