Huayan Robotics Jumps 43.5% in Grey Market Ahead of IPO

Edgen Stock

·Mar 27 2026, 08:58

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Key Takeaways

Huayan Robotics (01021.HK) saw strong investor demand in pre-listing grey market trading ahead of its March 30 debut on the Hong Kong Stock Exchange. The initial surge indicates positive sentiment for the robotics company's public offering.

Shares opened as high as 43.5% above the implied listing price on the Futu grey market, reaching $24.4.
The stock later settled with a 12.1% gain on the Futu platform and an 8.5% gain on PhillipMart, showing some profit-taking from early highs.
Significant pre-listing interest generated a combined turnover of over $118.5 million across the two grey market platforms.

Shares Open 43.5% Higher in Pre-IPO Trading

Huayan Robotics (01021.HK) demonstrated strong investor appetite in grey market trading before its official Hong Kong Stock Exchange debut scheduled for March 30. On the Futu platform, shares opened at $24.4, a 43.5% premium over the implied listing price of approximately $17. PhillipMart data showed a similarly robust start, with its shares opening at $24, representing a 41.2% gain from the offering price.

Gains Moderate on Over $118 Million in Turnover

Despite the strong opening, initial gains moderated by the end of the session. On Futu, the stock closed at $19.05, trimming its advance to 12.1% on a trading volume of 3.43 million shares and a total turnover of $71.19 million. Activity on the PhillipMart platform followed a similar trajectory, with the stock finishing at $18.45, up 8.5% on $47.4 million in turnover. The combined grey market turnover exceeded $118.5 million, indicating significant pre-listing trading activity.