Shein IPO plans hit by Trump’s low-cost parcels crackdown

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Financial Times 1w ago

Shein IPO plans hit by Trump’s low-cost parcels crackdown - Financial Times

Quick Summary:

Shein would also need a special waiver from the UK Financial Conduct Authority if it were to list less than 10 per cent of its shares.

The company, which was valued at $66bn during its most recent funding round in 2023, has never publicly confirmed a timeline or plans for an IPO, which would lend a much-needed fillip to London’s lacklustre capital markets.

More than half of the de minimis shipments entering the USA come from China, according to data from the US Customs and Border Protection, and the average value of these orders was about $50.