Shein to delay listing as tax-free loophole closed

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.