Angelalign Tech soars in gray market trade

Mainland invisible dental braces maker Angelalign Technology (6699) surged by 112.83 percent, at HK$368.2 as of 5.21 pm in the Bright Smart gray market.

Angelalign Technology has priced its Hong Kong initial public offering at HK$173 apiece, the top end of the indicative price range. The retail portion of its IPO was 2,078 times oversubscribed.

Yuexiu Services, the property management service arm of Yuexiu Property (0123), will price its IPO at a range of between HK$4.88 and HK$6.52, according to media reports.

Also, Chinese pressure equipment manufacturer Morimatsu International, launched its IPO again and lowered the minimum investment to HK$2,504.99 per board lot of 1,000 shares.