Shein’s London IPO Stalled Amid US Tariff Fallout
Image Credit: businessoffashion- Shein Group Ltd.’s planned IPO in London has slowed significantly due to the impact of US tariffs and pending regulatory approvals.
- The company’s valuation target has dropped from $90 billion to about $30 billion, with shareholders selling shares at steep discounts privately.
- Shein, based in Singapore and founded in China, has raised US product prices substantially due to tariffs and the end of a tax exemption on low-value packages from China.
- While the UK Financial Conduct Authority has approved the IPO, Chinese regulatory approval is still pending, and Shein is considering restructuring its US operations.
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