Mixue climbed up to 27 percent in gray market ahead of trading debut

China’s fresh fruit drink giant Mixue Group gained up to 27 percent in local gray markets on Friday ahead of its trading debut on Monday.

The fourth beverage stock in Hong Kong rose 26.91 percent from its offer price at HK$202.5 to HK$257 on Phillip Securities' platform, giving a paper gain of HK$5,450 on per board lot of 100 shares.

The shares closed 23.5 percent and 25.8 percent higher from the offer price on Futu Securities and Bright Smart Securities’ platform, respectively. 

Other mainland beverage stocks include Guming (1364), Nayuki (2150) and Sichuan Baicha Baidao (2555).

STAFF REPORTER