Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount.

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.

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. Its shareholders are suggesting that an adjustment is required to help get the potential initial public offering in the UK over the line,