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Shein: London Approves IPO but Tariffs and End Of "De Minimis" Exemption to Lower Valuation

Shein: London Approves IPO but Tariffs and End Of "De Minimis" Exemption to Lower Valuation

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Douglas Kim
Apr 17, 2025
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Douglas Research Insights
Douglas Research Insights
Shein: London Approves IPO but Tariffs and End Of "De Minimis" Exemption to Lower Valuation
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  • In the past week, Reuters reported that Shein has received approval from the UK's Financial Conduct Authority (FCA) for its IPO in London.

  • In February 2025, Reuters reported Shein could cut its valuation in a potential listing to around $50 billion, which would be 24% lower than the previous private market funding round.

  • Tariff war and ending de minimis for shipments from China to US are likely to result in further reduction in the valuation of Shein, much lower than $50 billion.

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