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A group of fast fashion SheinThe plans for the grandmother’s lists in the UK is likely to be delayed after Donald Trump caught the import of small goods from China without tariffs.
Shein, who sells clothes directly from thousands of Chinese factories at ultra-nicic prices around the world, previously told investors during the road show that London list It could happen as soon as this Easter, according to people who find out discussions.
But the initial public offer is likely to be pushed to the second half of this year after Trump’s move to close the so -called rules of De Minimis, according to three people familiar with the procedure.
The company, which was estimated at $ 66 billion during the latest funding circle, never publicly confirmed the time strip or plans for IPO, which would borrow a much needed Filip London market Lawluster Capital.
The group, founded in China and based in Singapore, filed confidential works in June last year with regulators in the UK for the proposed IPO and is still waiting for regulatory climate in the UK and China.
Shein’s plans, whose main markets include the United States and the UK, in order to publicly enumerate the share of its shares, has experienced geopolitics in the last 18 months.
The United States affects the Chinese E -trade companies like Shein and the topic. The US president announced earlier this month that the rule of De Minimis – or the exemption of tariffs on the goods under $ 800 – will be abolished, and an additional 10 percent of Tariff will be applied to all Chinese goods.
Trump temporarily paused measures to close the hole “until there are appropriate systems for completely and fully process and collect tariff revenue” after the packages have been accumulated on the border.
Uncertainty about his influence and time weighs on Shein’s and a timetable, people have said to be introduced to his plans.
Shein’s job has grown abruptly from the Pandemia Coid-19, mainly because of the reign of de minimis. The US Congress report states that more than 30 percent of the shipments in America under such exceptions were from Shein’s rivals, owned by the Chinese Diva PDD for E -TRGOVINA, which also focuses on cheaper goods.
More than half of the shipments of De Minimis enter the United States come from China, according to US Customs and Border Protection, and the average value of these orders was about $ 50. During the first three quarters of 2024, such goods worth $ 47.8 billion was shipped.
She took off her shein focus on her supply chain, although the group did not stop working on its iPo -ui still advocated to the Great Britain’s approval, according to one of the people who are familiar with his plans.
Shein will also need a special renunciation of UK Financial Behavior Directorate If he listed less than 10 percent of his shares.
Shein was initially targeting New York as a place of IPO, but switched to London after the US regulators rejected it. In October is the co-founder of Sky Xu his co-founder of the billionaire Sky Xu Met investors In the UK and the USA in anticipation of flotation.
Shein refused to comment.
Analysts from RBC Capital Markets said this week that the changes of the de minimen threat to Shein and the theme of business models were that they could encourage prices.
