Jiangxi Biology (06915) Shares Down 3.48% in Gray Market Before June 30 Hong Kong Listing

According to Smart Times, Jiangxi Biology (06915) will list on Hong Kong stock exchange on June 30 (Tuesday). As of market close on June 29, the gray market price traded at HK$10.81 per share via Livermoore Securities, down 3.48% from the initial public offering price of HK$11.2. For a standard lot of 500 shares, the loss per hand comes to HK$195 before fees.
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