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<IPO>MANYCORE TECH (00068.HK) Surges ~1.7x in Grey Mkt; Public Offer Oversubscribed by 1,590x+
Recommend 11 Positive 20 Negative 5 |
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MANYCORE TECH (00068.HK), one of the "Six Little Dragons of Hangzhou", was listed today (17th). On Futu's grey market, the stock closed at HKD20.52, representing a 1.69x spike from its IPO price of HKD7.62, with turnover of HKD222 million. A board lot of 500 shares generated a book gain of HKD6,450. On Phillip's grey market, the stock closed at HKD19.6, up 1.57x, with turnover of HKD181 million, translating into a book gain of HKD5,990 per board lot. The Hong Kong public offering received subscription of more than 1,590 times. The success rate for one board lot of 500 shares was 3%, according to the allotment results. Auto-translated by AI AASTOCKS Financial News |
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