Although there are many odds Shein No retreat. Former Bear Stearns’ former vice-president executive chairman Donald Tang flew to London to discuss ensuring investors support his proposed IPO.
Rumors were initially spread that the company aimed to go public in the U.S. or Canada, but immediately encountered political rebound and regulatory difficulties. Don’s trip to London marks the official step to listing in the UK. “In London, we want to be a British company. We want to be a local British company…we are here to register, we pay taxes here, we want to be a part of the community.”
The trip only fell sharply from previous estimates after investors suggested Tang cut his assessment to $30 billion. Shein is worth $66 billion and $1002 billion in 2022 and 2023, respectively, marking a significant increase in consumer fast-time habits.
Many of the works on the website retail for only a few dollars. But waiting for U.S. tariffs can raise prices, alienate U.S. customers and threaten that growth. Currently, President Trump is seeking to end a “minimum” exemption that prohibits tariffs on direct-to-consumer packages worth less than $800.
Despite the controversial creation of allegations and ongoing obstacles, Don is confident that an IPO can help build public trust. So far, no formal announcement has been made regarding the UK approval. Stay tuned for Hypebeast for more updates.
