Shein slashes its valuation from $100B to $30B for a UK IPO amid US trade and labor concerns.

Shein, a fast-fashion retailer, is pressured to lower its valuation from $100 billion to around $30 billion for a potential UK IPO. The company faced issues in the US due to concerns over its supply chain, labor practices, and trade relations. Shein, now based in Singapore, is adjusting its valuation to secure a UK listing, impacted by US tariff rule changes and trade uncertainties.

6 weeks ago
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