Luye Pharma-B (06132) Trades 52.81% Above IPO Price in Hong Kong Gray Market

According to Livermoore Securities, Luye Pharma-B (06132) shares traded at 125 Hong Kong dollars on the Hong Kong gray market on June 22, up 52.81% from the IPO price of 81.80 HKD. The stock is scheduled to list on the Hong Kong Stock Exchange on June 23. Each board lot consists of 100 shares, translating to a per-lot gain of 4,320 HKD at current gray market prices, according to Zhitong Finance.
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