【Economic Information Agency, June 1】Shein-W (00625) makes its debut today, opening at HK$48.56, consistent with its offer price.
Shein announced that the final offering price for each Class B share is HK$48.56, about 1.9% lower than the maximum offering price of HK$49.50. The Hong Kong public offering received approximately 35,700 applications, representing an oversubscription of about 4.63 times. Among the 15,300 applicants who applied for one lot of 100 shares, 2,820 were allocated shares, representing an allocation rate of 18.42%. Applicants subscribing for 6 lots (600 shares) are guaranteed to receive at least one lot. The group was listed this morning at 9 a.m. Ping An Securities' dark pool closed at HK$42.12, down approximately 13.3% from the offering price, resulting in a paper loss of HK$644 per lot.
*Only one applicant for top-tier application*
The top-tier application involves 13,999,600 shares, with only one applicant who was allocated 2,410,700 shares, representing an allocation rate of 17.22%. The Hong Kong public offering portion remains at 10% of the total offering shares. The international offering was oversubscribed by 1.59 times. The group raised approximately HK$13.596 billion through the offering. Given the high concentration of equity among a small number of shareholders. (hc)
Shein announced that the final offering price for each Class B share is HK$48.56, about 1.9% lower than the maximum offering price of HK$49.50. The Hong Kong public offering received approximately 35,700 applications, representing an oversubscription of about 4.63 times. Among the 15,300 applicants who applied for one lot of 100 shares, 2,820 were allocated shares, representing an allocation rate of 18.42%. Applicants subscribing for 6 lots (600 shares) are guaranteed to receive at least one lot. The group was listed this morning at 9 a.m. Ping An Securities' dark pool closed at HK$42.12, down approximately 13.3% from the offering price, resulting in a paper loss of HK$644 per lot.
*Only one applicant for top-tier application*
The top-tier application involves 13,999,600 shares, with only one applicant who was allocated 2,410,700 shares, representing an allocation rate of 17.22%. The Hong Kong public offering portion remains at 10% of the total offering shares. The international offering was oversubscribed by 1.59 times. The group raised approximately HK$13.596 billion through the offering. Given the high concentration of equity among a small number of shareholders. (hc)