(Reuters) – The shareholders of Shein put pressure on the Chinese “fast -fashion” site so that it reduces its valuation to around $ 30 billion (28.64 billion euros) before its Introduction to the London Stock Exchange , Bloomberg revealed on Monday, citing familiar sources in the file.
Shein shareholders suggest that an adjustment is necessary for its potential IPO to the United Kingdom is accepted, according to Bloomberg.
A spokesperson for Shein refused to comment.
At the beginning of the month, Reuters revealed that Shein was ready to reduce its valuation to around $ 50 billion (around 48 billion euros), a decrease of almost a quarter compared to its valuation of $ 66 billion ( About 63 billion euros) in 2023 following its last fundraising.
Shein wishes to go to London on London during the first half of 2025, provided you obtain the approval of the regulatory authorities in the United Kingdom and China, according to Reuters.
The Financial Times had written last week that Shein’s rating was likely to be postponed to the second half of this year after the decision of US President Donald Trump to end the “minimis” exemption for Chinese products in States -Unis, first market of the fast-fashion giant.
This exemption allows shipments of a value of less than $ 800 not to be subject to customs duties.
(Written by Pretish MJ in Bengaluru, with the contribution of Helen Reid; Florence Lève, edited by Blandine Hénault)
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