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Stock Code   IPO News IPO Timetable
IPO Detail
00625 希音－Ｗ
SHEIN-W
Listing Date2026/09/01    Listing Tomorrow
Listing Price48.560
Grey Market Performance
Last updated: 31/08/2026 19:59  Refresh
  • Bright Smart
    down 41.800 -6.760 (-13.921%)
    High
    48.560
     
    Low
    40.020
    Volume
    119,900
    One Lot Profit
    -676.00
  • Phillip
    down 42.120 -6.440 (-13.262%)
    High
    48.500
     
    Low
    40.040
    Volume
    2,490,000
    One Lot Profit
    -644.00
  • Futu
    down 42.200 -6.360 (-13.097%)
    High
    51.000
     
    Low
    35.000
    Volume
    3,047,100
    One Lot Profit
    -636.00
  • Bid
  • Ask
  • 41.800
  • (1) 2.5K
  • 2K (1)
  • 42.040
  • 41.780
  • (0) 0
  • 0 (0)
  • 42.060
  • 41.760
  • (0) 0
  • 0 (0)
  • 42.080
  • 41.740
  • (0) 0
  • 0 (0)
  • 42.100
  • 41.720
  • (0) 0
  • 0 (0)
  • 42.120
  • 41.700
  • (0) 0
  • 0 (0)
  • 42.140
  • 41.680
  • (0) 0
  • 0 (0)
  • 42.160
  • 41.660
  • (1) 500
  • 0 (0)
  • 42.180
  • 41.640
  • (0) 0
  • 0 (0)
  • 42.200
  • 41.620
  • (0) 0
  • 0 (0)
  • 42.220
  • Bid
  • Ask
  • 42.120
  • (2) 600
  • 400 (1)
  • 42.300
  •  
  • (4) 6K
  • 0 (0)
  •  
  •  
  • (0) 0
  • 0 (0)
  •  
  •  
  • (1) 500
  • 0 (0)
  •  
  •  
  • (3) 400
  • 0 (0)
  •  
 
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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.

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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.

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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.

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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
MarketHong Kong (Main Board)
Business NatureTextiles & Clothing & Accessories
Major Business AreaGlobal
Board Lot100
GLOBAL OFFERING
No. of Offer Shares279.99M shares
No. of International Offer Shares251.99M shares
No. of HK Offer Shares28.00M shares
Offer Price$47.60 - $49.50
Stock Code625
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 PeriodAug 24 (Mon) - noon, Aug 27 (Thu)
Price Determination DateAug 28 (Fri)
Result Announcement DateOn or before Aug 31 (Mon)
Result Announcement DateOn or before Aug 31 (Mon)
Result Announcement DateOn or before Sep 01 (Tue)
Dealings in Shares commence onSep 01, 2026. (Tue)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$47.60 - $49.50
Capitalization202.10B - 210.20B
NAV / share ($)$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
IPO NEWS
31/08/2026 18:35
{New Stock}SHEIN-W(00625) ends down 13.26% on grey market
31/08/2026 16:20
{New Stock}SHEIN-W down 14.54% at HK$41.5 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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