Shein could cut £50bn London IPO valuation

Shein is looking to cut its valuation ahead of its highly anticipated IPO amid growing headwinds and changes to import tariffs in the US.
Reuters reported that the fashion giant’s floatation on the London Stock Exchange could be slashed from £50bn to around £40bn ($50bn), nearly a quarter less than its 2023 fundraising value.
The news comes days after the Trump administration said it would close the “de minimis” duty exemption in the United States, ending an im