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Shein Backers Offer to Sell at 30% Discount as IPO Prospects Dim

Shein and Forever 21-owner SPARC Group have formed a partnership.
Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as $45 billion. (Shutterstock)
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Shein investors are trying to sell shares in private market deals that value the online fashion giant at as low as $45 billion, reflecting dwindling appetite for a company struggling with intensifying competition and regulatory scrutiny ahead of a long-awaited US debut.

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