Shein’s valuation has fallen by 73% ahead of its IPO next week (from $100B to $27B) since the $800 de minimis loophole was closed. The rule change has stranded a number of Shein’s largest warehouses with unsold inventory, including this one with a total value of $76. https://x.com/TrungTPhan/status/20926740… https://twitter.com/trungtphan/status/20…