Shenzhen HQVT Technology rose over 2 times in the gray market ahead of its Monday debut

Shenzhen HQVT Technology rose over 2 times at one point in the gray market on Thursday ahead of its debut on June 22.

The multispectral artificial intelligence technology enterprise once surged 275 percent to HK$27 in Futu Securities’ over-the-counter market, compared to its HK$7.2 offer price. That translates to a paper gain of HK$9,900 per board lot of 500 shares.

The company’s retail tranche was oversubscribed 7,195 times, involving HK$445,6 billion.

It plans to offer 85.16 million H shares, raising HK$610 million. The entry fee is HK$3,636.3.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓