00625 希音－Ｗ
SHEIN-W
SHEIN-W
| Register Close | 2026/08/27 IPO Closing in 3 Days |
| Listing Date | 2026/09/01 |
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
SHEIN Global Holdings is a global online fashion and lifestyle company serving approximately 273 million active customers in approximately 160 markets in 2025.
--
The Group is the largest online fashion destination and one of the top five apparel and footwear companies globally in terms of 2025 retail sales value.
--
The Group has pioneered a proprietary operating model, Large-scale Automated Test and Reorder (LATR), which is the ultimate solution for resolving the industry’s longstanding trilemma. SHEIN is the flagship brand of the Group.
--
The Group vast product selection consisted of over 2 million apparel styles as of 31 March 2026, and its customers were able to discover an average of approximately 4,700 new apparel styles each day during the three months ended 31 March 2026 through its first-party model. In addition to apparel, the Group has added new product categories to offerings, which now include footwear, accessories, beauty, home, and lifestyle products.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Textiles & Clothing & Accessories |
| Major Business Area | Global |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 279.99M shares |
| No. of International Offer Shares | 251.99M shares |
| No. of HK Offer Shares | 28.00M shares |
| Offer Price | $47.60 - $49.50 |
| Stock Code | 625 |
| Sponsor(s) | Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, J.P. Morgan Securities (Far East) Limited |
| Underwriter(s) | Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, J.P. Morgan Securities (Asia Pacific) Limited, Haitong International Securities Company Limited, UBS AG Hong Kong Branch, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch (Asia Pacific) Limited, Banco Santander, S.A, East West Bank, Hong Kong Branch |
TIME TABLE
| Application Period | Aug 24 (Mon) - noon, Aug 27 (Thu) |
| Price Determination Date | Aug 28 (Fri) |
| Result Announcement Date | On or before Aug 31 (Mon) |
| Result Announcement Date | On or before Aug 31 (Mon) |
| Result Announcement Date | On or before Sep 01 (Tue) |
| Dealings in Shares commence on | Sep 01, 2026. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $47.60 - $49.50 |
| Capitalization | 202.10B - 210.20B |
| NAV / share ($) | $18.05 - $18.3 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 48.55, the net proceeds raised would be HKD 13.12B, of which |
| 40% : Enhance technological capabilities |
| 40% : Enhance brand awareness and strengthen global presence |
| 10% : Promote corporate responsibility |
| 10% : General corporate purposes |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
| Listing Price | : |
| Board Lot | : |
| Admission Fee* |
: |
| Subscribing Lot | : |
| Subscribing Fee | : |
| Subscribing Amount | : |
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).