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<IPO>FWD(01828.HK) Closes Down 3.3% to $36.75 on Gray Mkt
FWD(01828.HK), which will be listed tomorrow, opened up 7.9% to $41 on gray market. Peaking/ bottoming at $45/35.5, it closed at $36.75, down 3.3% or $1.25 from the listing price, ...
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<IPO>FWD(01828.HK) Closes Down 3.3% to $36.75 on Gray Mkt
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FWD(01828.HK), which will be listed tomorrow, opened up 7.9% to $41 on gray market. Peaking/ bottoming at $45/35.5, it closed at $36.75, down 3.3% or $1.25 from the listing price, on volume of 1.67 million shares and turnover of $61.8 million, according to PhillipMart data. Excluding handling fee, the book loss was $125 per board lot size of 100 shares.

FWD(01828.HK), which will be listed tomorrow, opened down 8.9% to $34.6 on gray market. Peaking/ bottoming at $38.9/34.6, it closed at $36.75, down 3.3% or $1.25 from the listing price, on volume of 1.54 million shares and turnover of $56.96 million, according to Futu data. Excluding handling fee, the book loss was $125 per board lot size of 100 shares.
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