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Reuters

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Business & Economics

Shein faces investor pressure to slash valuation to $30 billion ahead London IPO, Bloomberg News reports

Reuters
Summary
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Online fashion retailer Shein is under pressure to cut its valuation to about $30 billion , Bloomberg News reported.

Shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over the line, the report said.

The company, founded by China -born entrepreneur Sky Xu , did not respond to a Reuters request for comment.

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