Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion
- Company has been valued at as much as $100 billion in the past
- Fast-fashion retailer is considering UK for potential listing
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Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount.
Shein shareholders are suggesting that an adjustment is needed to help get its potential initial public offering in the UK over the line, the people said, asking not to be identified because the talks are private.