Underwriting Inputs
Real-time MathJS Engine
$32.50B
6.80%
22.5x
10.0%
HKEX Listing & Clawback
45.0x
Implied Market Cap
$49.73B
HK$ 387.86B
Public Raise Size
$4.97B
HK$ 38.79B
Implied Share Price
Retail Tranche Split
30.0%
$1.49B Allocation
HKEX Practice Note 18 (PN18) Clawback Distribution
Tier 3 Reallocation Applied
Retail Demand: 45.0x Multiple
Mandatory Clawback Trigger: Tier 3 (50x > Retail >= 15x)
Standard HKEX PN18 rules shift institutional offering shares to public retail accounts from initial 10% pool up to maximum 50%.
Implied Market Cap: $49.73B |
Public Offering: $4.97B |
Retail Tranche: 30% |
Institutional Tranche: 70% |
Share Price: HK$ 64.64
Global Fast-Fashion Peer Valuation Matrix
| Company | Ticker / Market | P/E Multiple | EV / Sales | Est. Net Margin | Implied Shein Parity Cap |
|---|
Valuation Sensitivity Matrix (Market Cap USD $B vs Revenue & P/E)