SHEIN to Debut Tuesday With Derivatives Launch
SingTao · 1 SOURCESabout 3 hours ago2 MIN
Summary
Chinese cross-border fashion group SHEIN, stock code 625, is scheduled to list in Hong Kong next Tuesday, while grey-market trading for SHEIN and Mech-Mind Robotics, stock code 9615, is due to begin next Monday. According to Phillip Securities client allocation data, retail investors in the public tranche applying for six to 10 lots of SHEIN may receive one to two lots, and there was no so-called “head-hammer” top subscription application involving nearly HK$700 million. Hong Kong Exchanges and Clearing said SHEIN will be added to the designated securities list for short selling on its listing day, when weekly and monthly options as well as derivative warrants will also start trading. The IPO pipeline remains active, with medical device provider MicroPort? No—source names Makotian only as Maiketian, stock code 2041, launching its offer from yesterday to next Wednesday, while other mainland companies are either preparing for Hong Kong listings or shelving them.
Key Points
- Phillip Securities allocation figures showed SHEIN applicants in the public tranche seeking six to 10 lots could receive one to two lots.
- For Mech-Mind Robotics, applicants at the tail end of the public tranche seeking 500 to 1,500 lots could receive one to two lots.
- A top subscription application for Mech-Mind Robotics involving 19,284 lots was allocated five lots, while SHEIN had no nearly HK$700 million top application.
- HKEX said SHEIN will be eligible for short selling on debut day and will also have weekly options, monthly options and derivative warrants.
- Medical device provider Maiketian, stock code 2041, is offering about 38.911 million shares at HK$15.42 each, targeting more than HK$600 million.
Why It Matters
For Hong Kong investors, SHEIN’s debut is not only a large consumer-tech listing but also an unusually fast expansion into short selling, options and warrants from day one, giving both retail and institutional traders more ways to position. The parallel pipeline of new offerings, pre-marketing activity and cancelled plans also shows that Hong Kong’s IPO market remains busy but selective, with issuers adjusting to market conditions and investor appetite.