Hong Kong IPO hopefuls show mixed grey-market trading ahead of debut

Six new shares heading for debut in Hong Kong on Tuesday showed mixed performances in grey-market trading on Monday.

Artificial intelligence drug discovery firm InSilico Medicine Cayman surged as much as 200 percent above its offer price to HK$72.30, implying a paper gain of about HK$24,125 per board lot of 500 shares.

Premium skincare brand Shanghai Forest Cabin Cosmetics rose up to 27.9 percent, delivering a gain of around HK$1,087 per lot.

Beijing 51WORLD Digital Twin Technology jumped about 58 percent, translating into a paper gain of roughly HK$3,536 per lot, while prefabricated steel building services provider USAS Building System (Shanghai) gained 31.1 percent, or about HK$663 per lot.

By contrast, home robotics systems provider OneRobotics (Shenzhen) fell as much as 13.3 percent, resulting in a paper loss of about HK$980 per lot.

Shenzhen Xunce Technology, a real-time data infrastructure and analytics solutions provider, slid up to 35.4 percent, leaving investors facing losses of around HK$1,700 per lot.