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Shein to delay listing as tax-free loophole closed
The Observer
|May 18, 2025
Trump decision to end 'de minimis' exemption adds to challenges for fast fashion retailer amid tariff turmoil, report Barney Macintyre and Catherine Neilan
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Shein has delayed its widely anticipated listing on the London stock exchange until the autumn, say two sources familiar with the company’s thinking.
The fast-fashion company’s plans to IPO - initially slated for the first half of this year - were approved by the UK’s Financial Conduct Authority last month but await a signoff from regulators in China, where the company was founded. Shein declined to comment on its listing plans.
It is not alone. Tariff-induced market volatility has forced many other UK businesses to shift public offerings to later in the year and only five new IPOs were completed in the first quarter — a 74% fall year-on-year.
This story is from the May 18, 2025 edition of The Observer.
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