LIANLIAN (02598) will be listed tomorrow (28th). It is closed at HK$9.88 on Phillip's grey market, 3.3% lower than the grey market's IPO price of HK$10.22. Based on 500 shares per lot, excluding handling fees, the book value loss per lot is HK$170. It is currently at HK$10 on Bright Smart's grey market, 2.2% lower than the grey market's IPO price. The book value loss per lot is HK$110.
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