Shares of three companies set to debut on Friday showed varying performance in Hong Kong’s gray-market trading on Thursday.
Mainland private healthcare provider Distinct Healthcare saw its shares surge as much as 105 percent above the offer price of HK$59.9, reaching HK$122.9 on Futu’s platform. At 50 shares per lot, potential profits could reach HK$3,150 per lot.
Shenzhen Han’s CNC Technology, a manufacturer of PCB equipment, traded up 25 percent from its HK$95.8 offer price to HK$120 in the same venue, with each 100-share lot potentially yielding HK$2,420.
Shares of pork producer Muyuan Foods showed mixed performance across three trading platforms. In Phillip Securities’ gray market, shares rose nearly 3 percent to HK$40.1 from a HK$39 offer price, netting HK$110 per 100-share lot. On Futu and Bright Smart, the stock slipped 2 percent and 5 percent, implying per-lot losses of HK$80 and HK$200, respectively.
