Shein slashes its valuation by 25% to around $50 billion for a potential London IPO.

Shein, the online fast-fashion retailer, plans to lower its valuation to about $50 billion for a potential London IPO. This represents a nearly 25% drop from its previous valuation, according to reports from individuals familiar with the situation. The reduction reflects a more cautious approach due to current market conditions.

2 months ago
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