Key Takeaways
Galaxis Technology saw its shares surge in pre-listing gray market trading, signaling strong investor appetite ahead of its official debut on the Hong Kong Stock Exchange on March 24.
- Galaxis Technology (02729.HK) shares climbed over 75% in gray market trading, closing as high as $29.2 on the PhillipMart platform.
- The closing prices were substantially higher than the implied listing price of approximately $16.66, based on the reported gains.
- Combined trading turnover across the Futu and PhillipMart platforms exceeded $78 million, indicating robust pre-IPO demand.
