Shein's IPO to be delayed to second-half after US 'de minimis' repeal, FT reports

Fast-fashion group Shein's plans to list in the UK stock market are likely to be postponed to the second-half of this year after Donald Trump's move to close so-called "de minimis" rules, the Financial Times reported on Friday.

Shein was aiming to go public in London in the first-half of this year, assuming it secured approvals from regulators in the UK and China, Reuters reported last month.

The company's business prospects have come under a cloud in recent days after the Trump administration said it would close the de minimis duty exemption in the United States, ending an import rule that had helped Shein keep prices low.

The removal of the exemption could hurt Shein's profitability and push up product prices in the US, which is its biggest market, analysts and industry experts had earlier said.