CF PharmTech once jumped 3.2 times in gray markets

Chinese drugmaker CF PharmTech once skyrocketed 3.2 times in local gray markets, ahead of its trading debut on Wednesday.

The firm saw its shares once jump to HK$62 before closing 227 percent higher at HK$48.3, versus its offer price of HK$14.75  at Futu Securities’ platform, giving a paper gain of HK$16,775 per board of 500 shares.

They surged 218 percent and 220 percent at Bright Smart Securities’ and Phillip Securities’ platforms.