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<IPO> TOPNC (07688.HK) Closes at HKD47.5 on Debut, 80% Above Listing Price
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TOPNC (07688.HK) made its trading debut, opening at HKD37, 40.2% above its listing price of HKD26.39. The shares hit an intraday peak/trough of HKD48.4/HKD33.8, and closed at HKD47.5, representing an 80% increase from the listing price of HKD26.39.
The stock recorded full-day turnover of 40.5371 million shares, involving HKD1.607 billion. Excluding handling fees, each board lot of 100 shares generated a book gain of HKD2,111.
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