Shanesett significantly reduces the target valuation of London Stock Exchange floats

Friday, February 7th, 2025, 1:28pm

Reports say the fast fashion giant scene is poised to cut target ratings for planned floats in London, addressing new US trade barriers and growing political concerns in the UK.

The founding Chinese retailer, scheduled to be listed in London later this year, is expected to be hit by a new punitive trade policy from the White House. The largest market.

The changes are set to increase costs and eat up the company’s profitability.

According to Reuters, the boss now reports that it has cut its target ratings for the IPO to about $500 billion, likely down to about $16 billion below its final rating in the 2023 private funding round. I’m doing it.

Donald Trump’s removal of De Minimis’ tax credit puts further pressure on the company after months of rage from the campaign group over plans floating on the London Stock Exchange.

Shein claims that it uses forced labour in its supply chain and is supplying cotton to products in the Xinjiang region, where the Chinese government has been accused of persecuting Uyghur minorities.

Westminster lawmakers question whether the city of London should host the company considering human rights records.

“Scene’s planned London list is already plagued by controversy, and now it’s hit with fresh tariff disruption and getting caught up in the e-commerce giant’s clampdown,” says Hargreaves Lansdown’s funds and markets said Susannah Streeter, head of the program.

“This looks to be a major road collision due to the controversial and planned listings on the scene regarding the London Stock Exchange. Shein is so easy to do at prices in major markets like the US and the EU. If we can’t compete, it’s a much more difficult sell, especially considering we’re also facing the recklessness of the supply chain environment and the claims of poor working conditions,” she added.

Shane filed secret documents with the UK’s Financial Conduct Authority (FCA) in early June, Reuters reported last year. However, regulators have not yet registered it in the plan, and it took longer than usual anticipated deliberations.

The FCA has not yet decided to approve the IPO, another person told Reuters.

Sheen was contacted for comment.