Fast-fashion giant Shein is reportedly under pressure to cut its valuation to $30 billion.
The company’s valuation reached $100 billion in 2022.
Shareholders of Shein are proposing that a valuation modification is necessary to successfully launch its public offering in the UK.
Due to uncertainty over global trade and the potential imposition of heavy tariffs on foreign goods, Shein’s attempt to go public has raised questions about the health of the company’s supply chain operations and labor practices.
Trump’s decision to eliminate a rule that removed an exemption from tariffs for goods entering the U.S. valued at no more than $800 has significantly impacted Shein’s core business.
Following Shein’s failed attempt at listing in the U.S, the company rerouted its IPO application to London last year.
Shein was founded in China and is now based in Singapore,
By CEO NA Editorial Staff
