Shein under pressure to cut valuation of planned London float – reports
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fast fashion giant Shein is under pressure to cut the valuation of its planned London stock market listing further, according to reports. It came after reports last month that the company was looking at a valuation of 50 billion dollars, which already represented a reduction on a previously reported 66 billion dollar valuation. Shein, which was founded in China but is now based in Singapore, has seen efforts to float face a variety of obstacles, including political pressure in the UK over alleged supply chain and labour abuses.
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