Fast fashion brand SHEIN plans to promote initial public offering

Despite the striking of tariffs and economic outlook, fast fashion brand SHEIN is firmly pushing for the initial public offering (IPO) plan. Executive Chairman Donald Tang flew to London last week to discuss the proposed IPO and mentioned in an interview with The Times: “In London, we want to be a British company, a local British business where we register, pay taxes and are eager to be part of the community.”

Recently, SHEIN's corporate valuation has been lowered to $30 billion, a significant decline from the $66 billion and $102 billion in 2022 and 2023. In addition, SHEIN continues to face plagiarism accusations, Donald Tang firmly believes that completing the IPO will help build public trust. It is worth noting that if the US tariffs are confirmed and implemented, SHEIN, which has a low price as one of its selling points, may have to raise its selling price, which will inevitably have another impact on performance.

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