The highly anticipated initial public offering (IPO) of Shein, a global online fashion giant, is facing a significant setback as investors are struggling to sell shares at a 30% discount in private market deals. What Happened: Investors are finding it challenging to offload Shein shares in private market transactions, with the company’s valuation dropping to as low as $45 billion, reported Bloomberg on Thursday. This is a significant decrease from the $66 billion valuation Shein achieved during a fundraising round in May. Despite the reduced valuations, finding buyers for the shares has proven…

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