Key Takeaways:
Ldrobot (01236.HK) saw its shares rocket by as much as 168.8% in gray market trading on two platforms ahead of its May 11 debut on the Hong Kong exchange.
Data from trading platforms Futu and PhillipMart showed significant investor demand, with millions of shares changing hands at substantial premiums to the initial public offering price.
According to Futu data, Ldrobot opened at $66.5, a 152.3% premium, and last traded at $70.85, up 168.8%. Volume on the platform reached 1.81 million shares with a turnover of $140.69 million. PhillipMart data showed an opening at $57, up 116.2%, with a final price of $50.85, a 92.9% gain, on a volume of 1.65 million shares and turnover of $91 million.
The strong gray market performance indicates significant investor appetite for the offering and suggests the potential for a volatile opening when official trading begins. The price disparity between the two platforms also highlights varying levels of early demand.
The substantial premium in gray market trading sets high expectations for Ldrobot's official listing. First-day trading on May 11 will be a key test of whether this early institutional and retail demand can sustain the high valuation.
This article is for informational purposes only and does not constitute investment advice.
