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<IPO>CF PharmTech(02652.HK) Closes Up 227.5% to $48.3 on Gray Mkt
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CF PharmTech(02652.HK), which will be listed tomorrow, opened up 95.3% to $28.8 on gray market. Peaking/ bottoming at $62/14.75, it closed at $48.3, up 227.5% or $33.55 from the listing price, on volume of 2.98 million shares and turnover of $149.44 million, according to Futu data. Excluding handling fee, the book gain was $16,775 per board lot size of 500 shares.

CF PharmTech(02652.HK), which will be listed tomorrow, opened up 96.6% to $29 on gray market. Peaking/ bottoming at $50/29, it closed at $46.9, up 218% or $32.15 from the listing price, on volume of 2.02 million shares and turnover of $93.8 million, according to PhillipMart data. Excluding handling fee, the book gain was $16,075 per board lot size of 500 shares.

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