17:14 - 17.02.2025

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February 17, Fineko/abc.az. The valuation of Asian clothing retailer Shein, which once reached $100 bn, may drop to $30 bn.

ABC.AZ informs with reference to Bloomberg that Shein shareholders believe that an adjustment of the company's valuation is necessary for its IPO in the UK.

In December 2024, Shein received permission from the British Financial Conduct Authority (FCA) to conduct an IPO on the London Stock Exchange. Earlier, she submitted an IPO application to the regulator with a planned market valuation of 50 bn pounds ($63 bn).

The company is facing a number of difficulties on its way to becoming public. Investors have questions about its supply chains, as well as labor practices. In addition, uncertainty about global trade relations and political tensions are increasing.