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<IPO>Quantgroup(02685.HK) Closes Up 185.7% to $28 on Gray Mkt
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Quantgroup(02685.HK), which will be listed tomorrow, opened up 149% to $24.4 on gray market. Peaking/ bottoming at $39/9.8, it closed at $28, up 185.7% or $18.20 from the listing price, on volume of 1.23 million shares and turnover of $37.88 million, according to Futu data. Excluding handling fee, the book gain was $9,100 per board lot size of 500 shares.

Quantgroup(02685.HK), which will be listed tomorrow, opened up 155.1% to $25 on gray market. Peaking/ bottoming at $49.92/22.96, it closed at $27.2, up 177.6% or $17.40 from the listing price, on volume of 869,000 shares and turnover of $25.3 million, according to PhillipMart data. Excluding handling fee, the book gain was $8,700 per board lot size of 500 shares.
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