Last updated 18:15:15
HK$42.20
-13.10%
- Listing price
- HK$48.56
- Open
- HK$51.00
- High
- HK$51.00
- Low
- HK$35.00
- Bid / Ask
- HK$42.20 / HK$42.36
- Volume
- 3,047,100
Turnover 128,517,388View source
SHEIN-W
00625Listed消費 · 公司是一家跨境快时尚电商，通过自有网站和移动应用向全球消费者销售时尚服装及配饰，并提供相应物流和支付服务。
SHEIN-W (00625) is a listed Hong Kong IPO. This page brings together the offer price, entry fee, subscription timeline, grey-market context, allotment data and stage-based reference research in one place.
- Offer price
- HK$47.60 – 49.50
- Final offer price
- HK$48.56
- One-lot win rate
- 18.4%
- Proceeds
- HK$13.60B
- Public oversub.
- 5.6x
Predicted 35.1%
Lot / entry fee 100 shares · HK$5K · Sponsor Goldman Sachs / Morgan Stanley / J.P. Morgan
- Offer starts Aug 24
- /Offer closes Aug 27
- /Grey market Aug 31
- /Listing Sep 1Now
SubscriptionSHEIN-W: subscription-stage reference
The subscription stage draws on the prospectus, sponsor record and early public filings. Allotment results and grey-market prints have not occurred yet.
Earlier stage- Reference rating
- Cautious
- Reference score
- 51.3
- Forecast grey range
- -21.1% – +40.1%
Pre-greySHEIN-W: pre-grey-market reference
The pre-grey stage includes published allotment and public oversubscription data. Grey-market prints are not yet reflected here.
Earlier stage- Reference rating
- Cautious
- Reference score
- 52.6
- Forecast grey range
- -19.5% – +42.7%
Post-greySHEIN-W: post-grey-market reference
The post-grey stage includes grey-market price and turnover observations. Listing-day results still follow official trading and company announcements.
Current- Reference rating
- Cautious
- Reference score
- 41.3
- Forecast first-day range
- -39.0% – -2.9%
Data updated · Sep 22, 2026, 12:02 HKT
View factors and research
Model forecastListing-day trendHigh cautionUp probability 23.3%
Published outcome check
First-day resultDown-7.9%Weak all day
Our call: Trend call valid
Covered 22/25 core factors
UsedMissingNot yet scorableN/A
Margin oversubscription
Weak heatOffer size
Weak qualityCornerstone lockup
Weak supportPost-lockup offer value
Weak scarcityRecent same-rule trend
Poor trendRecent same-type trend
Strong trendRecent sector trend
Strong trendValuation
Weak appealFundamental quality
Good qualityGrowth quality
Weak qualityProfitability
High qualityCash runway
—Customer concentration
Low riskCornerstone quality
Strong supportSponsor record
Good recordGreenshoe arrangementGreenshoe: yes · 15%
Average supportStabilizer track recordGoldman Sachs
Average recordA-share pre-grey trend
—A-share listing-day trend
—Public oversubscription
Weak heatOne-lot win rate
Medium heatInternational placing
High heatFinal pricing position
High pricingActual greenshoe useCumulative use +92.5%
Low supportGrey market return
Poor trendThe assessment and probability ranges are informational only and are not investment advice.
AI Research Report
Post-greyThe analysis report for this IPO is being generated.
SHEIN-W: grey-market trend
SHEIN-W: predicted allotment
Data updated · Sep 22, 2026, 14:40 HKT
Only key tiers are shown here. Full tiers and other allotment-pattern comparisons are on the allotment-odds page.
- 1 lot
- 35.1%
- A tail · Apply 1,000 lots
- 25.27 lots
- B head · Apply 1,500 lots
- 170.36 lots
- Top hammer
- 13,189.09 lots
Predicted
Official
18.4%
Predicted
Official
183.17 lots
Predicted
Official
258.3 lots
Predicted
Official
24,107 lots
Most likely allotment pattern：Larger Pool A applications get less extra allotment；Pool B allotment is similar across tiersView full allotment-odds research
How to read this page
These answers combine this IPO’s published figures with clearly labeled model estimates. They explain how to read the modules above and are not investment advice.
What is the one-lot allotment rate for SHEIN-W?
Public allotment filings put the official one-lot rate at 18.4%, versus this site's pre-allotment model estimate of 35.1%. It is an observation for a 1-lot application, not a guaranteed result.
What is the difference between A-tail and B-head for SHEIN-W?
Based on the prospectus's legal application tiers, A-tail is 1,000 lots and B-head is 1,500 lots, representing about HK$4.9M and HK$7.3M of application principal. Official average allotment was 183.17 lots and 258.3 lots, versus pre-allotment model estimates of 25.27 lots and 170.36 lots. Pool A and Pool B are allocated separately, so application size alone does not show capital efficiency.
Can the grey-market price of SHEIN-W be treated as the listing price?
The compiled grey-market observation is about -13.2%, versus -7.9% on the listing day. Grey-market prints are pre-listing sentiment from public sources, not the official opening price.
Why does SHEIN-W have three reference ratings?
The current status is "Listed", so start with the post-grey section. Subscription, pre-grey and post-grey each use only the public information available at that point, so the score can change. Labels are high attention / neutral / caution only — informational comparison, not a buy or subscribe call.