Reported about 4 hours ago
Online fashion retailer Shein is reportedly preparing to cut its valuation to approximately $50 billion for a potential initial public offering (IPO) in London, down nearly 25% from its 2023 fundraising value. This decision comes in light of recent U.S. policy changes that may impact the company's pricing and profitability. The IPO aims to occur later this year, pending regulatory approvals in the UK and China.
Source: YAHOO