Key Takeaways:
- Anker closed at HK$94.55 on the gray market, down 4.8% from its HK$100 IPO price
- Gray market volume reached 996,800 shares with turnover of HK$92.86 million on Futu
- The stock is set to list on the Main Board on July 2
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Anker closes 4.8% below IPO price in gray market debut
Anker (00668.HK) closed at HK$94.55 on the gray market, down 4.8% from its HK$100 IPO price ahead of its July 2 listing on the Main Board.
The stock opened at HK$100, up 0.7%, before sliding to a session low of HK$90.40, according to Futu data. It recovered to close at HK$94.55 on volume of 996,800 shares and turnover of HK$92.86 million. The decline translates to a book loss of HK$477 per board lot of 100 shares, excluding handling fees.
Data from PhillipMart showed a similar trajectory, with the stock opening at HK$90, down 9.4%, before closing at HK$95.50 on volume of 786,000 shares and turnover of HK$73.2 million. The book loss per lot was HK$382 based on that platform's data.
The gray market weakness suggests tepid demand for the IPO ahead of its official debut. Investors will watch the stock's first day of trading on July 2 for signs of institutional support and whether the gray market discount narrows.
This article is for informational purposes only and does not constitute investment advice.
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