Shenzhen LDROBOT more than doubled in the gray market

Shenzhen LDROBOT more than doubled in the gray market at one point, ahead of its debut on May 11.

Its shares were traded at HK$68.9 apiece, up by 161 percent from the offer price of HK$26.26 on Futu Securities' over-the-counter market. That translates to a paper gain of HK$12000 per board lot of 200 shares.

The company's retail tranche was oversubscribed by 5,399 times, raising HK$540 billion.

 

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