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

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

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