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Investors pile pressure on Shein to cut valuation to $30b ahead of London IPO: report

Investors pile pressure on Shein to cut valuation to $30b ahead of London IPO: report

FILE PHOTO: A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin//File Photo

Online fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion ahead of its London listing, Bloomberg News reported on Monday, citing people familiar with the matter.