The main point of contention is the company’s stock valuation and the plan for the offering in the UK. This refers to the company’s initial public offering (IPO), where Shein plans to present its shares in the UK financial markets. Once valued at over $100 billion, Shein now seeks to go public in the UK after its failed attempt in New York. "Going public" means a company starts offering its shares to the public for the first time, effectively transitioning from private to public ownership via a stock exchange. This process is also referred to as an IPO (Initial Public Offering). Through this, the company raises capital and gains access to a broader investor base. However, according to new reports, the company has encountered difficulties during the more than one-year-long preparation process.
It is reported that Shein is nearing the stage of launching its shares, but investors are pressuring the company to reduce its valuation significantly and proceed with the offering at a $30 billion valuation.
Shein’s shareholders believe that the price is too high for the potential UK offering and argue that it is essential to lower it.
Shein and its shareholders have not yet made an official statement regarding this matter.
