Shein Confirms Plans To Pursue IPO

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Undeterred by the challenges, Shein persists in its plans. Last week, its executive chairman, Donald Tang (a former high-ranking official at Bear Stearns), traveled to London with the intention of finding potential investors for their planned Initial Public Offering.

Initially, there were whispers that the company intended to go public in either the U.S. or Canada, but this was swiftly confronted by political opposition and administrative hurdles. Tang’s visit to London signifies the beginning of the process to list in the U.K. instead. In an interview with The Times, Tang expressed: “In London, we aspire to be a British company. We aim to be a local British entity… We are registered here, we pay taxes here, and we wish to become part of this community.

The journey took place just weeks following investor recommendations for Tang to reduce the company’s valuation to $30 billion USD, a considerable drop from earlier predictions. In the years 2022 and 2023, Shein was appraised at $66 billion and $102 billion respectively, demonstrating a substantial increase in consumer interest in fast fashion trends.

On the website, some items are available for just a few dollars. But potential U.S. tariffs could increase their prices, causing American shoppers to lose interest and potentially hindering growth. At present, President Trump is considering rescinding the “de minimis” exemption, which prevents tariffs on consumer packages worth less than $800 USD.

Regardless of ongoing accusations about its production methods and persistent obstacles, Tang is optimistic that a public offering (IPO) will strengthen public faith in the company. At present, there’s no official word on U.K. approval. Keep an eye on TopMob for further developments.

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2025-03-14 19:56